Category: Commodities

Southeast Sulawesi recorded export revenues of US$3.87 billion last year, only 1.85% of national total but expanded significantly from US$2.4 billion (1.47%) in 2020. Given massive investment in nickel processing industry, including stainless steel, export revenues from the province would continue to grow in the coming years.

Central Sulawesi is a fast growing export base for Indonesia, thanks to massive investments in nickel processing industry, including stainless steel. Last year, the province generated US$10.9 billion of export revenues, jumped from US$7.5 billion in 2020. Nickel pig iron (NPI) and stainless steel dominated the export, but more higher value nickel products will enter the world market this year. 

North Maluku was among the poorest provinces in Indonesia. Last year, however, the province recorded US$3.51 billion of export revenues, skyrocketed from US$1.04 billion only in 2020. The province’s export revenues will easily triple in three years time to make it one of the largest export bases in Indonesia, thanks to massive investments in nickel pig iron (NPI), ferronickel, nickel in matte, and nickel-cobalt sulphate.

Energy and mineral resources ministry has on Friday (Jan 21) clarified media reports about implementation of Regulation No. 26/2021 about Rooftop Solar Power Plant. Dadan Kusdiana, director general of new energy and renewable energy resources at the ministry, said implementation of the regulation is supported by all stakeholders pursuant to a coordination meeting chaired by coordinating minister for the economy on January 18, 2022.

Nickel closed higher at US$24,160 on Friday (Jan 21) following reports about Indonesian government’s plan to impose export duties on nickel pig iron (NPI) this year. Strong demand from the battery sector, lifted by impressive sales growth of electric vehicles all over the world, contributed to the decade’s record high.

The government has just ‘suspended’ implementation of Minister of Energy and Mineral Resources Regulation No. 26/2021 about Rooftop Solar Power Plant connected to public grid only months after its deliberation. The decision upsets stakeholders, especially developers of rooftop solar power projects. Still, there are a lot of initiatives out there to accelerate decarbonization in the country.

Tsingshan, the world’s largest stainless steel producer, which is the main driver of nickel-related investments in the Indonesia Morowali Industrial Park (IMIP) and Indonesia Weda Bay Industrial Park (IWIP), has early last year announced a plan to develop 2,000 MW clean energy power plants in three-five years time.