While demon nickel's frenzy was temporarily halted when the LME suspended trading in nickel futures, the impact of lunni hitting 100,000 a tonne was profound as Indonesia, the world's largest nickel producer, decided to ramp up production of the metal.
Indonesien plant, seine Nickelproduktion in diesem Jahr um 393,000 auf 400,000 Tonnen zu erhöhen, was die Gesamtproduktion auf 1,4 Millionen Tonnen bringt, und als nächstes weitere 500,000 Tonnen Jahreskapazität hinzuzufügen sagte Luhut Panjaitan, koordinierender Minister für Investitionen und maritime Angelegenheiten, am Mittwoch in einem Interview.
"We believe that with this additional capacity, we can more than offset any loss of supply from Russia or elsewhere."
Meanwhile, Indonesia will monitor "unprecedented" market conditions to decide whether to impose export duties on nickel iron and pig iron containing nickel. "We need to be mindful of the impact on consumers," Panjaitan said. "We don't want to kill the ev battery industry, and we don't want nickel prices to derail our goal of producing lithium batteries by early 2024."
Septian HarioSeto, Indonesia's deputy minister of Marine and Investment Affairs, said on January 22 that the government might impose a tax on exports of nickel iron and pig iron containing nickel from this year. If the nickel price is above 15,000 / ton, a 2 percent tax may be levied, and the tax increases with the nickel price. The main purpose of the tax is to promote investment in the downstream nickel industry.
