Indonesia to extend grip on nickel market

Staff reporter

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Chinese, French and Indonesian-owned Weda Bay nickel mine in Indonesia
‘Ignoring Indonesian nickel a bit like ignoring Middle East oil in the 1920s’

Owners of a raft of “traditional” nickel projects reporting delays and cost overruns face an increasingly uncertain future in the face of Southeast Asia’s nickel production juggernaut – led by Indonesia – industry leaders have warned. That’s despite any “sugar rush” from government subsidies in North America, Europe and elsewhere.

While promoters of projects in other parts of the world point to environmental, social and governance (ESG) compliance concerns, and rising costs, weighing increasingly on Indonesian nickel, and downstream, output, Eramet executive vice president and chief development officer, Geoff Streeton, said a shift in the SE Asian country towards best international stewardship standards and practices would maintain its centrality in large, and growing, regional energy-transition supply chains.

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