Indonesian nickel production dominates commodity market
— The island nation is reaping the benefits of its 2020 ban on nickel ore exports, which kickstarted an investment cycle, particularly from China-based companies. Indonesia produced an estimated 40.2% of the world's nickel in 2023, according to S&P Global Market Intelligence data.
Oversupply sets tone for China's nickel market | 2024 preview
— The rise in capacity-building in both China and Indonesia quickly turned a refined nickel market once in short-supply into an oversupplied one, not only in China, …
Nickel producers fear growing Indonesian pricing power
— Ding Xing New Energy has the capacity to produce 50,000 metric tons a year of Class I refined nickel having mastered the technology of converting Indonesia's relatively low-grade ore into pure ...
Indonesia moves to reduce Chinese ownership of nickel …
— Indonesia's government and industry are now working to structure new nickel investment deals with Chinese companies as minority shareholders, according to three …
Chinese nickel billionaire boosts Australian miner in Indonesia
— Iron Ore; Rare Earth ... according to a person close to the company. The Chinese giant started to purchase the Australian firm's ore — before taking a 20% stake for $26 million in 2018 ...
EV transition drives Indonesia's 'dirty' nickel boom
— Ahmad Zuhdi Dwi Kusuma, an industry analyst at Bank Mandiri, says Chinese companies invested in Indonesian nickel will also have to take the initiative to make the sector greener.
9 Biggest Mining Companies in China
— In October 2023, China produced over half of the world's steel. Eight of these nine mining companies in China are included in PwC's 2020 list of the 40 largest mining companies in the...
Nickel Ore
Since the formation of our company in 2012, we have supplied up to 10 million tonnes of nickel ore, both to the domestic and international market. We provide High Grade Nickel Ore with >1.8% Ni content, and Low-Grade Nickel Ore (with an average nickel content <1.5%), based on the requested specification.
Indonesia moves to reduce Chinese ownership of nickel …
— This stems from Jakarta banning nickel ore exports in 2020 to force processors and battery makers to invest in the country. Chinese companies came forward quickly with billions of dollars.
Indonesia stays China's second-biggest nickel ore supplier …
Jan 20 (Reuters) - Indonesia remained China's second-biggest nickel ore supplier in 2020, Chinese customs data showed on Wednesday, despite the Southeast Asian country's ban on exports of the ...
10 Largest Cobalt Mining Companies and Their Mines in the …
— Global cobalt demand surged to 187 kilotons in 2022, up from 166 kilotons in 2021. The Cobalt Institute reports that battery applications now account for 72% of cobalt demand, an increase from 70% ...
The World's Largest Nickel Mining Companies
As the world transitions towards electric vehicles and cleaner energy sources, nickel has emerged as an essential metal for this green revolution. Needed for the manufacturing of electric vehicles, wind turbines, and nuclear power plants, nickel is also primarily used to make stainless steel alloys …
Indonesia launches $2.7bn China-invested …
— Indonesia has launched a new 1.8 million tonne capacity nickel smelter factory, in Southeast Sulawesi Province, as it looks to go up the value chain. The smelter is located in PT Virtue Dragon Nickel …
Nickel in the Philippines
— The Philippines is the world's second-largest producer of nickel in 2023, with output up by 1% on 2022. MT. Menu. Search. Sections. Home; News; Analysis. Features. ... with the highest share being exported to China. The Philippines's nickel exports are expected to drop at a CAGR of 0.24% between 2023 and 2027. ... and analysis used to …
Chinese firms seek to cut stakes in new Indonesian nickel …
— Chinese companies are in talks with potential investors to reduce their stakes in Indonesian nickel smelters amid efforts to make their products eligible for U.S. electric vehicle tax credits, an ...
LME brand approval cements Indonesian nickel ascendancy
— Five years ago Indonesia produced just 600,000 metric tons of nickel and shipped most of it as unprocessed ore to China, where it was alloyed into stainless steel. ... company, can produce 50,000 ...
Opinion | Indonesia's nickel sector can rebound from Tesla …
— The first, well-suited to Indonesia's nickel ore, uses a pyrometallurgical (class 2) treatment for lower-grade nickel to produce nickel pig iron, a key component in stainless steel production.
The promise of nickel: Power and prosperity in Indonesia
— One that seemed to spring up almost overnight along the Sulawesi coast. In 2021, Chinese-owned companies began setting up sprawling smelting plants that turn raw nickel ore into EV grade battery ...
Profiling the world's top five nickel-producing …
— Founded in 1958 and based in Gansu, Jinchuan Group International Resources is China's top nickel producer and comes third in our list of world's top nickel-producing companies. With a large-scale …
Indonesia launches $2.7bn China-invested ferronickel smelter
— Built with an estimated investment of $2.7bn, the facility was developed by PT Gunbuster Nickel Indonesia, a unit of China's Jiangsu Delong Nickel Industry, reported Reuters. It has been equipped to process 13 million tonnes of nickel ore annually, reported the news agency citing a government statement.
Oversupply sets tone for China's nickel market | 2024 preview
— Nickel ore prices have also been largely stable in recent weeks. Fastmarkets' weekly price assessment of nickel ore 1.8% basis 15-20% Fe water content: 30-35% Si:Mg ratio<2 lot size 50,000 tonnes, cif China was $78-80 per tonne, unchanged week on week, and stable for six consecutive weeks.
Indonesia and China killed the nickel market
— The world's largest nickel producer, China's Tsingshan Holding Group, shocked the nickel world in 2018 by announcing a $700 million plan to produce battery-grade nickel. Now, a new generation of HPAL is being used to turn Indonesia's lower-grade nickel ore into metal suitable for powering electric vehicles.
Profiling the world's top five nickel-producing …
— Vale is the world's largest producer of nickel, one of the most versatile metals in existence. It owns nickel mines and operations in Brazil, Canada, Indonesia and New Caledonia, as well as fully-owned and joint …
Electric vehicles and the nickel supply conundrum: …
— It would supply 100,000 mt of nickel matte to Chinese companies Huayou and CNGR Advanced Materials over a one-year period, with the first batch of nickel matte produced Dec. 8. ... Brazil's Vale employs laterite nickel ore to produce nickel matte, while France's Eramet also previously converted a portion of its ferronickel output to produce ...
10 Countries with the Largest Nickel Reserves in the World
— In 2021, the country's nickel ore was mainly exported to China. The nickel core export made up 89.6% of China's import volume at 39.01 million tons for nearly $3 billion.
Nickel production in China and major projects
— China accounts for 3% of global production, with the largest producers being Indonesia, the Philippines, Russia and New Caledonia. For more detailed analysis of …
Can You Invest in Nickel? 7 Stocks to Consider.
— Canada Nickel Company : Could produce "NetZero" nickel and cobalt to supply North American battery makers. ... The latest ore shipment to China, valued at nearly $22 million, is the company ...
Top 10 nickel-producing countries in 2023
— Authorities have investigated illegal nickel ore shipments to China worth S$1.3bn (14.5 trillion rupiah) since 2020, suspending approval for ore mining quotas. ... Chinese companies are investing in and establishing their own NPI facilities in Indonesia and then re-exporting production back to China due to Indonesia's ban on exporting raw ...
Chinese companies flock to Indonesia for its nickel
— Yudith Ho and Eko Listiyorini. Dec 18, 2022 – 4.12pm. Jakarta | About 5000 kilometres south of Beijing, Chinese mining companies have set up operations in the …
Chinese companies flock to Indonesia for its nickel
— Tsingshan Holding, the world's biggest producer of nickel and stainless steel, plans to supply 100,000 tons of a semi-refined product called nickel matte from its Sulawesi HPAL refinery to two ...
How China Came to Dominate the World's Largest Nickel …
— Across Indonesia, new industrial plants are going up to process chunks of nickel ore for use in electric-car batteries. Five years ago, there were none. ... Chinese companies had a breakthrough. ...
Indonesia harnesses Chinese capital and innovation to …
— Before the ban, Indonesia was extracting 71 million tonnes of nickel ore annually, of which 65 million tonnes was exported in its raw form. Most of the exports went to China, where it was smelted and used to manufacture stainless steel. ... Chinese companies, led by the privately-owned Tsingshan Steel Group, responded to the …
Nickel Ore in Russia
The fastest growing export markets for Nickel Ore of Russia between 2021 and 2022 were China ($373M), Canada ($15.2M), and Czechia ($116k). Imports In 2021, Russia imported $12 in Nickel Ore, becoming the 0th largest importer of Nickel Ore in the world. At the same year, Nickel Ore was the 0th most imported product in Russia.
The true cost of China's hold on Indonesia's nickel
— Prior to 2019, when Indonesia's government proposed a full export ban of raw nickel ore – finalized the following year, during the pandemic – raw nickel ore extracted in Indonesia was directly exported to foreign countries, with 90% going to China, whose robust supply chain could power their economy through manufacturing innovative …