An Indonesian Government Official Says Indonesia Needs to Restrict Export of Nickel Derivatives with Nickel Content below 70%

Published: Jul 27, 2022 10:29 (GMT+8)
SHANGHAI, Jul 27 (SMM) – Eddy Soeparno, Deputy Chairman of the House of Representatives (DPR RI) Commission VII, said that with its large nickel resources and reserves, Indonesia has the opportunity to become a major player in the raw material supply chain for future battery electric vehicles.

SHANGHAI, Jul 27 (SMM) – Eddy Soeparno, Deputy Chairman of the House of Representatives (DPR RI) Commission VII, said that with its large nickel resources and reserves, Indonesia has the opportunity to become a major player in the raw material supply chain for future battery electric vehicles.

According to data released by the U.S. Geological Survey in 2020, Indonesia was the world's largest producer of nickel ore, with nickel production reaching 800,000 mt in 2019, compared with world nickel production of 2.668 million mt.

He revealed that most of the nickel smelters currently operating in Indonesia are RKEF smelters using pyrometallurgy, who process nickel ore with nickel grade above 1.7%, and the final products NPI, FeNi and nickel matte are all exported.

At the same time, Indonesia's largest nickel resources and reserves are below 1.7% grade, which contain a large amount of cobalt used as a basic material for lithium batteries.

He emphasized that in order to encourage the development of the domestic downstream nickel industry, it is necessary to restrict the export of BOP and FeNi or nickel derivatives with nickel content below 70%.

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
[SMM Stainless Steel Flash] India Extends AD Probe on Stainless CRC from China, Indonesia and Vietnam by 6 Months
17 hours ago
[SMM Stainless Steel Flash] India Extends AD Probe on Stainless CRC from China, Indonesia and Vietnam by 6 Months
Read More
[SMM Stainless Steel Flash] India Extends AD Probe on Stainless CRC from China, Indonesia and Vietnam by 6 Months
[SMM Stainless Steel Flash] India Extends AD Probe on Stainless CRC from China, Indonesia and Vietnam by 6 Months
India's Directorate General of Trade Remedies (DGTR) issued a notification on September 22, confirming the central government's approval to extend the anti-dumping investigation deadline on stainless steel cold-rolled flat products originating in or exported from China, Indonesia, and Vietnam by six months, from September 28, 2026 to March 28, 2027. The extension maintains the original product scope covering 300 and 400 series coils, strips, sheets, plates, and circles, without issuing any findings or preliminary duty rates. The investigation, which commenced on September 29, 2025, covers specific austenitic, ferritic, and martensitic grades, excluding hot-rolled flat products, duplex grades, and 200-series products with specific nickel content levels.
17 hours ago
[SMM Analysis] Indonesian Production Cuts and Pre-Holiday Caution Slow the Decline in NPI Prices
Sep 24, 2026 16:47 (GMT+8)
[SMM Analysis] Indonesian Production Cuts and Pre-Holiday Caution Slow the Decline in NPI Prices
Read More
[SMM Analysis] Indonesian Production Cuts and Pre-Holiday Caution Slow the Decline in NPI Prices
[SMM Analysis] Indonesian Production Cuts and Pre-Holiday Caution Slow the Decline in NPI Prices
Indonesian production cuts slowed the decline in NPI prices, but rising port inventories and weak stainless steel demand kept buyers cautious. The NPI discount to refined nickel widened, modestly improving the economics of conversion to high grade matte, though direct NPI sales remained more profitable.
Sep 24, 2026 16:47 (GMT+8)
[SMM Analysis] Downstream Demand Shows No Improvement as Nickel Intermediate Prices Diverge
Sep 24, 2026 16:35 (GMT+8)
[SMM Analysis] Downstream Demand Shows No Improvement as Nickel Intermediate Prices Diverge
Read More
[SMM Analysis] Downstream Demand Shows No Improvement as Nickel Intermediate Prices Diverge
[SMM Analysis] Downstream Demand Shows No Improvement as Nickel Intermediate Prices Diverge
MHP payables weakened amid ample supply and cautious downstream buying, while high grade nickel matte payables held steady. Despite a rebound in benchmark nickel prices, MHP’s nickel and cobalt component prices fell. Nickel intermediates are expected to remain under pressure in the near term.
Sep 24, 2026 16:35 (GMT+8)