Indonesia plans to build 31 nickel smelters by 2022
The Indonesian Government aims to build 31 nickel smelters by 2022, with 20 projected to open next year to help the production of electric car components.
The Indonesian Government aims to build 31 nickel smelters by 2020. (Source: TheInsiderStories)
Jakarta (VNA) – The Indonesian Government aims to build 31 nickelsmelters by 2022, with 20projected to open next year to help the production of electric car components.
With many smelters going into operation, there was no concern about the supplyof electriccar components, head of themineral exploration business at the Indonesian Ministry of Energy and MineralResources (MEMR) Andri Budhiman said at a recent seminar.
MEMR Regulation No. 4/2009 prescribes that mining companies are required toprocess and refine raw materials to raise added values. Then, the minimumprocessing and refining limits for metal minerals, non-metals and rocks havebeen regulated by the MEMR Regulations No. 5/2017 and No.25/2018, Budhimansaid.
He explained that Indonesia’s proven nickel reserves of 698 million tonnescould only guarantee the supply for refining facilities for 7.3 years. Meanwhile,the country’s estimated nickel reserves stand at 2.8 billion tonnes.
Therefore,Indonesia will step up the exploration work to ensure the supply for 42 years,as from 2022.
In earlySeptember, the country has announced the restriction of low-grade nickelore exports.
According to a Government study, 40 percent of the total cost of manufacturingelectric cars is from batteries. Meanwhile, Indonesia is one of the countriesthat has the best rawmaterials in the world forproducing lithium-ion batteries, namely low-grade nickel ore and high cobalt./.
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The Indonesian Government aims to build 31 nickel smelters by 2020. (Source: TheInsiderStories) 
