Indonesia Relaxes Restrictions on Foreign Ownership of Nickel Mines and Pricing of Low-grade Nickel Ore Attracts Attention
Time:Thu, 02 Feb 2023 09:38:28 +0800
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According to SMM research, the current restriction on foreign capital holdings in Indonesia's local nickel mines has been relaxed from 49% to 70%, and foreign-funded enterprises' ownership of nickel mines has been further strengthened. Coupled with the huge industrial planning of stainless steel and intermediate products, enterprises pay special attention to the layout of nickel ore resources. As such, the competition for nickel ore ownership is fierce. In addition, with the investment of Indonesia's hydrometallurgy intermediate product line, Indonesia's low-grade nickel ore resources and prices have attracted market attention. At present, Indonesia is promoting the benchmark price of low-grade nickel ore. The pricing of low-grade nickel ore may be different from that of medium and high-grade nickel ore, and cobalt is also included in the pricing range.
