FILE PHOTO: A worker poses with a handful of nickel ore at the nickel mining factory of PT Vale Tbk, near Sorowako, Indonesia, January 8, 2014. REUTERS/Yusuf Ahmad//File PhotoJAKARTA : Indonesia's nickel reserves are sufficient to support processing industries for the coming decades, an investment ministry official said on Wednesday, amid calls of restricting construction of new smelters due to a global glut.
Indonesia banned exports of nickel ore in 2020 to encourage domestic value-addition, which resulted in massive investment into the production of nickel pig iron as well as into production of material for electric vehicles batteries. On the sideline of the conference, Faizal added that smelters can continue to be built, but to produce different types of products.
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