Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Indonesian state-backed miner PT Aneka Tambang (Antam) plans to produce 50,000-100,000mt of nickel sulphate from its new high-pressure acid leach plant by 2024. 


The country is trying to move from being a nickel ore producer to developing a full supply chain, including refining and making end products such as cathodes and precursors for electric vehicle (EV) batteries. According to media reports, the country plans to produce 120,000-240,000mt of the materials by 2024. 


Reports indicated that a joint venture among PT Pertamina, a state energy provider, and Mining Industry Indonesia (Mind ID) will lead the production process. The country also plans to start manufacturing EVs in 2022. 

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