Nickel Ore Export Ban Is Good for Indonesia: Vale – by Nur Yasmin (Jakarta Globe – August 27, 2019)

https://jakartaglobe.id/

Jakarta. Vale Indonesia, the country’s largest nickel producer, said the government’s planned ore export ban will give the country a strategic advantage and bring positive impact to the local nickel industry and the Indonesian economy in the long term.

The government now wants the ban to start taking effect in October, three years earlier than the initial plan’s 2022 target.

The Indonesian Nickel Mining Association has voiced their objection to the plan, saying that it would disrupt their members’ contractual obligations and business plans.

Bernandus Irmanto, the president director of Vale Indonesia, however, said Indonesia may be better off by imposing the ban sooner than later, especially considering its ambition to make electric car batteries from nickel ores.

“The best limonite ores for electric car batteries are grade 1.4 and below. If the government allows exports for grade 1.7 and below, then we are exporting the best materials for the batteries. Most countries are buying the main materials for batteries from us, and the receiving countries, such as China, mostly just pile them up,” Irmanto said on Tuesday.

For the rest of this article: https://jakartaglobe.id/context/nickel-ore-export-ban-is-good-for-indonesia-vale

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