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The Rise of Nickel

Monday, 1 May 2023

Vale Indonesia records an increase in production. Indonesia’s nickel supply triggers a surplus, affecting prices.

An aerial view of nickel refining activities at Antam’s smelter Antam in Pomalaa subdistrict, Kolaka, Southeast Sulawesi, December 17, 2022. ANTARA/Jojon . tempo : 169562454128_

THERE is good news from the nickel industry. Several days before the Idul Fitri end of fasting month celebration in April, Vale Indonesia (INCO) announced a significant increase in production. Throughout the first quarter of this year, the company, which controls 118,000 hectares of nickel mines in South Sulawesi, Central Sulawesi, and Southeast Sulawesi, produced 16,796 tons of nickel matte. Compared to the same period last year, Vale Indonesia&

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