Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Indonesia began to build the world's largest nickel plant


November, 28 2022
watermark Economic news

Indonesian nickel producer Vale Indonesia has started construction of the world's largest nickel plant. This was announced by the director of the company Febriani Eddy. 


The plant will be engaged in the production of nickel minerals used in electric vehicle batteries. The project is expected to be completed by the end of 2025. The total volume of investments in the construction of the enterprise currently amounts to $4.29 billion.


It is reported that the new plant will have a production capacity of up to 120 thousand tons of nickel per year, which will make it the largest in the world. The Chinese company Zhejiang Huayou Cobalt is also involved in the project. According to the plan, the production will be located in a nickel-rich region on the island of Sulawesi in Indonesia. 


Back in October, Indonesian Investment Minister Bahlil Lahadalia announced that the country was exploring the possibility of creating a cartel like OPEC for the market of nickel and other key metals used for batteries.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.