SHANGHAI, Mar. 16 (SMM) - SMM upgrades expectations on new NPI capacities in Indonesia to come online in 2017 after getting information from many reliable sources.
SMM expects approximately 110,000 tonnes (Ni content) of new NPI capacities to be released in 2017, and this will bring total NPI capacities in Indonesia up to 265,000 tonnes in 2017. NPI output from new projects is predicted at 54,000 tonnes (Ni content) in 2017, and with total output at 185,000 tonnes (Ni content).
In late February and early March, cash costs at Indonesian RKEF NPI producers were $8,800 per tonne, $1,500-1,700 per tonne lower than those at Chinese RKEF NPI producers, according to SMM data. Full costs at Indonesian RKEF NPI producers were $10,430 per tonne due to high investment costs in infrastructure facilities and depreciation, SMM adds.