SMM7, April 4: nickel is the basic component of batteries, including batteries installed on mobile phones, laptops and hybrid cars. Based on the optimistic prospect of the long-term battery market, many large mining enterprises have joined the ranks of resource competition.
BHP Billiton (BHP) continues to retain its Nickel West nickel mine in western Australia, arguing that Nickel West is showing potential high returns.
Glencore (Glencore) is also mining nickel, which produces metal by-products.
Indonesia, as a big nickel mining country, has become the focus of many mining enterprises. Last year Indonesia ranked first in nickel production in the world.
Pacific Rim Cobalt Corporation is currently carrying out exploration projects in Indonesia to actively develop nickel ore resources in Indonesia.
Indonesia is not far from China, and Indonesia is reluctant to miss the opportunity as China dominates the electric car market and its neighbours are eager to provide the necessary raw materials for China's electric car industry.
In fact, Indonesia's goal is no longer just to become a resource base. Indonesian Industry Minister Airlangga Hartarto proposed to turn Indonesia into a regional manufacturing power and turn its raw materials into consumer goods.
The move could provide an opportunity for mining companies that have already begun to open up the Indonesian market.
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![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)