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Indonesia’s high-grade nickel ore reserves may deplete in six years

Reserves of high-grade nickel ore in Indonesia may be exhausted in around six years, risking shortages of the material used to make stainless steel, according to the Indonesian Nickel Miners Association.
Indonesia’s high-grade nickel ore reserves may deplete in six years ảnh 1A nickel smelter in Southeast Sulawesi, Indonesia. (Photo: AFP)
Jakarta (VNA) – Reserves ofhigh-grade nickel ore in Indonesia may be exhausted in around six years,risking shortages of the material used to make stainless steel, according tothe Indonesian Nickel Miners Association.

The high-grade nickel ore is mainly used forthe country’s nickel pig iron (NPI) production, a feedstock for stainlesssteel, while the lower grade is used to make products for the electric vehiclebatteries.

At a meeting of the International Nickel Study Group earlier this month,Secretary General of the association Meidy Katrin Lengkey said the Indonesian governmentneeds to make comprehensive control efforts for the resilience of nickelreserves so that it can sustain the downstream strategy and increase addedvalue.

Nickel mining and smelting has become a major part of Indonesia’s economy, withbillions of USD in global investment funneling into the country after thegovernment banned the export of unprocessed ore in 2020.

Indonesia holds the largest nickel reserves in the world, equivalent of 23% ofthe global volume. The country has utilised its rich nickel ores to meet therising demand from producers of batteries used for electric vehicles.

However, mining industry has created damaging impacts on the environment andsociety./.
VNA
#high-grade nickel ore#Indonesia#exhausted#stainless steel production#Indonesian Nickel Miners Association#nickel pig iron#global investment#Vietnam News Agency#Vietnamplus
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