Business · Energy & Commodities · 1 day ago
Indonesia weighs freeze on new nickel smelters amid global oversupply
Indonesia is weighing a halt to construction of new smelters that make semi-finished nickel products.
Energy and mineral resources minister Bahlil Lahadalia has discussed the proposal as part of efforts to strengthen Indonesia’s industrial sector.
The country is considering the move amid a global surplus of nickel that has driven prices down.
Nickel pig iron and nickel matte account for about 50 to 60 per cent of Indonesia’s nickel output.
The proposed restrictions could disrupt Chinese investors.
They are also intended to protect local industries across Indonesia’s minerals sector.
Indonesia has not yet announced a final decision on whether to impose the freeze.
Indonesia is weighing a halt to construction of new nickel smelters producing semi-finished products.
The proposed restriction aims to curb global overproduction amid a supply glut that has driven down commodity prices.
Energy and mineral resources minister Bahlil Lahadalia was cited in the report on the proposal.
Analysts said a moratorium could significantly disrupt Chinese investors.
Semi-finished products account for about 50 to 60 per cent of Indonesia’s total nickel output, Antara reported.
- Who
- Indonesia is considering the restriction; Chinese investors could be affected.
- What
- A halt to construction of new smelters producing semi-finished nickel products is being weighed.
- When
- Not stated
- Where
- Indonesia
- Why
- To curb global overproduction and strengthen Indonesia’s industrial structure.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
This story does not have a timeline yet.
- Proposal
- Indonesia is weighing a halt to new nickel smelter construction
- Products
- Semi-finished nickel products, including nickel pig iron and nickel matte
- Output share
- Semi-finished products account for about 50 to 60 per cent of Indonesia’s total output
- Minister
- Bahlil Lahadalia, energy and mineral resources minister
- Source
- Antara, Indonesia’s state news agency
Sources
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