[SMM News] after the resumption of the ANTAM: nickel export ban, the company will attach importance to the development of nickel downstream business.

SMM12, March 20: recently, PT Antam Tbk said it will focus on downstream after the nickel export ban takes effect in 2020.

"2020 is a challenging year for Antam, and in 2020 we are no longer allowed to export nickel ore, which is a challenge for us," said Antam Aprilandi Faithful Hidayat's commercial director. In challenging conditions, it is clear that companies must develop alternative strategies. "

As a result, by 2020, the company will focus on downstream business, which is Antam's goal, he said.

At present, the company's long-term plans, or RJPP Antam, have also begun to produce nickel ore in downstream plants.

Earlier, Bahlil Lahadalia, head of BKPM, said the agreement would stop exports of nickel mines on January 1, 2020, after negotiations with 47 companies made up of merchant smelters and nickel miners.

Irwandy Arif, president of the Indonesian Mining Association (IMI), assessed that it was positive to stop nickel exports from January 1, 2020.

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