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By December 2024, the total investment was claimed to have reached USD 34.3 billion. [10] The park's estimated total capacity for stainless steel production was 3 million metric tonnes per year in 2020. [11] In 2019, IMIP had plans to develop electric vehicle battery plants. [12] It generated USD 6.6 billion in exports for Indonesia in 2019. [7]
Indonesia is the largest nickel producer in the world, with around 1.6 million tonnes of nickel produced in 2022, up from 1.04 million tonnes in 2021. In comparison, total global production of nickel in 2022 was around 3.3 million tonnes. [11]
The Sorowako mine is a large open pit lateritic nickel mine in the east of Indonesia in the Verbeek Mountains of Sulawesi (the Celebes). [2] It lies just south of Lake Matano . As of 2023, Sorowako is one of the largest nickel mines in the world [ 3 ] with proven and probable nickel reserves of 107 million tonnes of ore grading 1.70% nickel ...
Indonesia has a strong hold on the nickel industry. The Southeast Asian country boasts the world’s largest nickel reserves and last year produced about 40% of the world’s supply of the metal ...
Indonesia has a “near stranglehold” on nickel production, he says, but “faces a much more competitive landscape” for the other metals. ... In the first quarter of 2024, Indonesia GDP grew ...
Chinese companies are in talks with potential investors to reduce their stakes in Indonesian nickel smelters amid efforts to make their products eligible for U.S. electric vehicle tax credits, an ...
Toggle the table of contents. ... Nickel production (metric tonnes) — World 3,300,000 1 Indonesia: 1,600,000 2
Indonesia's proposal to create an organisation to control nickel output and prices along the lines of OPEC would be an uphill struggle, industry analysts say, as production is controlled by ...