[SMM Nickel Flash] Indonesia Restricts New Investment in NPI, FeNi, Matte and MHP, Pushing Industry Further Downstream

Published: May 28, 2026 14:42

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Indonesia is restricting new investment in nickel smelters producing intermediate products — including nickel pig iron, ferronickel, nickel matte, and mixed hydroxide precipitate — as the government seeks to redirect the industry toward battery materials and green industrial products, according to Rudy Salahuddin, Secretary of the Ministry of Investment and Downstreaming. The remarks were made at a discussion in Jakarta on May 25 focused on advancing equitable value-added growth in Indonesia's nickel downstream sector.

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