Shares of nickel producer Vale Indonesia (INCO) gained 0.73% to Rp4,130 on Wednesday (January 18), but it fell 6.5% this month as investors responded negatively on the development of 14% Vale shares divestment to state-owned PT Mineral Industri Indonesia (Persero) (MIND ID). At current price, the established nickel producer is valued at Rp41.01 trillion (market capitalization), way below relatively new players Harita Nickel (Rp60 trillion) and Merdeka Battery Materials (Rp71.3 trillion).To subscribe please click here
