Indonesian official says current nickel price will benefit miners, smelters – ET Auto
Baua Electric
FEBRUARY 29, 2024
Most investment in nickel processing in Indonesia is for nickel pig iron (NPI), the main feedstock for stainless steel, but the government wants to develop local production of batteries and EVs. The official however said smelters are still making good margins in Indonesia, and that current prices are above the historical average.
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