Indonesia’s Abundance In High-Grade Nickel Ore Resources Attract Massive Investment From Chinese Stainless Steel Enterprises

SHANGHAI, Jun 2 (SMM) – Resources: In terms of reserves, Indonesia is one of the countries with the richest mineral resources in the world, and its nickel ore resources rank first in the world. In 2021, nickel ore reserves in Indonesia were 25.4 million mt in metal content. The Philippines' nickel ore reserves in 2021 were merely 4.04 million mt in metal content, which is only 1/6 of that in Indonesia.

Ore grade: Indonesia is rich in high-grade nickel ore resources, and the grade of laterite nickel ore is significantly higher than that of the Philippines. The grade of nickel ore in the Philippines is mostly between 0.8% and 1.4%.

Other aspects: Indonesia is an important country of the "21st Century Maritime Silk Road" under China's "Belt and Road" initiative. Before 2010, Chinese mining companies began to go to Indonesia to carry out exploration of lateritic nickel ore and mining investment.

Environmental protection: Indonesia's environmental protection policy is less stringent, which is more suitable for enterprises to build factories locally. The strict environmental protection policy in the Philippines leads to high environmental protection expenses in the production process of enterprises.

For full coverage, please click: Key Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment 

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Key Takeaway from SMM 2023 Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel and Stainless Steel Market Outlook 2023-2027 and Indonesia’s Critical Role in Attracting Chinese Investment 

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