Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Indonesia Will Ban Smelters of Low-Grade Nickel Products

Indonesia Will Ban Smelters of Low-Grade Nickel Products

Jun 6, 2023 15:31

Source:SMM

The Indonesian government will ban the construction of smelters that process low-grade nickel products.

Hasyim Daeng Barang, director of minerals and coal downstream at the Ministry of Investment, revealed that the bureau has been discussing the plan.

Clearly, the industry's high-grade nickel resources are being depleted.

Hasyim said that there are too many smelting projects in Indonesia using rotary kiln electric furnace (RKEF), and the resources are only enough for the next 9-10 years. "That's why we tried to pause the construction of such smelters.

More popular news:

Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

Glencore to Massively Expand Copper Capacity

SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged

SMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore Skyrocketed

SMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in July

SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development

Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024

Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead

Market forecast

Output

Policy

For queries, please contact William Gu at williamgu@smm.cn

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

Overnight, LME copper opened at $9,882/mt, fluctuated widely at the beginning, reaching a high of $9,908/mt, then kept falling, dropping to $9,740/mt near the end of the trading session, and finally closed at $9,787/mt, with a drop of 1.6%.

Jun 14, 2024 10:07

Industry

SMM Nickel Market Morning Comment (Jun 14)

On June 13, Jinchuan nickel was at a premium of 2,500-3,000 yuan/mt, with an average of 2,750 yuan/mt, flat compared to the previous trading day.

Jun 14, 2024 09:09

Industry

Yunnan aluminium smelters resume operations, eyeing 500,000 tonnes capacity increase

Industry experts stated on Monday that aluminium smelters in China's southwestern province of Yunnan are restarting factories due to improved power availability.

Mar 21, 2024 11:18

Industry

Many steel mills resumed production as planned, boosting the blast furnace operating rate [SMM blast furnace operating rate]

According to SMM research, on March 20, the blast furnace operating rate was 89.45%, an increase of 0.3% month-on-month.

Mar 20, 2024 16:32

Industry

The remarkable journey of aluminium: Leading the charge on 'Global Recycling Day'

As we celebrate March 18th as 'Global Recycling Day', it's time to shine a spotlight on one of the unsung heroes of the recycling world: aluminium.

Mar 19, 2024 10:53

Industry

Lead price review and forecast

In February, the lack of consumption due to CNY holidays drove accumulation of stocks. Lead prices thus fell back from high levels. LME lead prices dropped below the $2,000/mt mark, reaching a low of $1,994.5/mt. On the first day after the CNY holiday, SHFE lead prices fell sharply and stopped falling at 15,800 yuan/mt, supported by costs.

Mar 15, 2024 13:17

Industry

SMM Aluminum Market Morning Comment (Jan 18)

Overnight, the most-traded SHFE 2403 aluminium contract opened at 18,810 yuan/mt, with high and low at 18,815 yuan/t and 18,730 yuan/mt before closing at 18,760 yuan/mt, down 110 yuan/mt or 0.58%.

Jan 18, 2024 09:50

Industry

SMM zinc industry data

Jan 17, 2024 17:36

SMM Comments

SMM Aluminium Market Morning Comment (Jan 11)

Overnight, the most-traded SHFE 2403 aluminium contract opened at 19,050 yuan/mt, with high and low at 19,050 yuan/mt and 18,975 yuan/mt before closing at 19,005 yuan/mt, up 5 yuan/mt or 0.03%.

Jan 11, 2024 09:54

Industry

China’s steel output should be reasonably controlled by keeping a tight rein on new capacity, CISA Vice President says

On December 22, the Hebei Provincial People's Government held the "Hebei Province Deeply Promotes Environmental Protection Performance A-level Work Conference in Key Industries" in Shijiazhuang. Luo Tiejun, vice president of the China Iron and Steel Industry Association, was invited to attend the meeting and delivered a speech.

Jan 3, 2024 08:59

Industry

SMM Events & Webinars

All

Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China

Indonesia Will Ban Smelters of Low-Grade Nickel Products

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo