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Indonesia to Quadruple Battery-Grade Nickel Output by 2030
Indonesia plans to boost its nickel production despite falling prices resulting from ample supply that are forcing some miners to shut down mines. Per plans, battery-grade nickel production in Indonesia should increase fourfold by 2030, to 1 million tons, the Financial Times reported today, citing a senior government official from Jakarta. Output of the sort of nickel used in stainless steel production is seen rising by 15% from the current 1.9 million tons annually, deputy coordinating minister for investment and mining Septian Hario Seto told the FT. “We don’t see any reason why we should not expand production ... (full story)