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Indonesia, the world’s leading nickel producer, is halting approvals for new nickel plants producing intermediate products like nickel pig iron, matte, and mixed hydroxide precipitate. This aims to push companies to add further value within Indonesia, processing these intermediate products into higher-value goods instead of exporting them directly. This directive reflects Indonesia’s strategy to develop a more comprehensive domestic nickel processing industry and capitalize on its vast reserves, moving beyond basic processing to become a key player in the global battery and electric vehicle supply chain.
