Indonesia’s Weda Bay nickel project to put two RKEFs under operation

Published: Feb 24, 2020 16:56

Save

The first batch of output is expected in March at the earliest.

SHANGHAI, Feb 24 (SMM) – Indonesia’s Weda Bay nickel project is trying to put two 42,000kVA rotary kiln-electric furnaces (RKEF) for nickel pig iron under operation, SMM learned. The first batch of output is expected in March at the earliest.

These are the first two NPI RKEFs in Weda Bay to come on stream, and expected to produce about 1,800 mt of NPI a month after operations stabilise.

Weda Bay plans to build a total of 12 NPI RKEFs.

SMM data showed that Indonesia produced 40,400 mt of Ni content of NPI in January, up 2.91% from a month ago and 54.4% from a year ago.

Indonesia’s NPI output grew 54.9% from 2018 to 374,000 mt of Ni content in 2019.

Nickel NPI Indonesia

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

12 hours ago

Data: SHFE, DCE market movement (Sep 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Sep , 2026

12 hours ago

14 hours ago

SMM #1 Refined Nickel Price Up 2,200 Yuan/mt to 125,400 Yuan/mt on September 17

On September 17, the average price of SMM #1 refined nickel was 125,400 yuan/mt, up 2,200 yuan/mt from the previous trading day. In terms of spot premiums, the average premium for Jinchuan #1 refined nickel was 4,250 yuan/mt, up 400 yuan/mt from the previous trading day, while mainstream domestic brands of electrodeposited nickel ranged from 0 to 500 yuan/mt.

14 hours ago

16 hours ago

[SMM Nickel Flash News] Indonesia Update — September 17, 2026

Indonesian nickel ore CIF average prices edged down across the main grades: · 1.2% Ni: CIF average price at $27/wmt, unchanged · 1.4% Ni: CIF average price at $51.8/wmt, down $0.6/wmt · 1.5% Ni: CIF average price at $58.5/wmt, down $0.3/wmt · 1.6% Ni: CIF average price at $63.4/wmt, down $0.5/wmt The Indonesian nickel ore market remains in a wait-and-see period, with the market monitoring further RKAB approvals and potential quota adjustments. Meanwhile, Indonesia's Ministry of Energy and Mineral Resources (ESDM) has revised the nickel ore HPM formula under Kepmen ESDM No. 363.K/MB.01/MEM.B/2026, effective September 15. The revision mainly lowers the corrective factor for low-grade nickel ore, significantly reducing the HPM benchmark for low-grade limonite and bringing it closer to prevailing market prices. The revised formula puts the HPM for 1.2% Ni ore at around $24.89/wmt, down about 45% from the previous level. The government said the revision aims to make nickel ore feedstock more economical for smelters, while its impact will continue to be evaluated.

16 hours ago