Sentiment : 4The Jakarta PostEnvironmental News Network
An independent environmental report highlights increased deforestation and potential water contamination in parts of North Maluku linked to expanding nickel mining operations. The report calls for stricter enforcement of environmental impact assessments and rehabilitation efforts. This development could prompt closer scrutiny from international buyers and investors regarding ESG compliance, despite the economic benefits of mining. The Indonesian government has acknowledged the report and stated it will investigate. Sentiment : 7.8Nikkei AsiaCNBC Indonesia
Recent trade data indicates a substantial increase in Indonesia's export revenues from processed nickel products (e.g., ferronickel, nickel pig iron, mixed hydroxide precipitate). This growth is attributed to sustained global demand from the stainless steel and EV battery sectors, validating Indonesia's long-term strategy of banning raw ore exports in favor of domestic value addition. This economic performance signals a healthy market for Indonesian nickel products. Sentiment : 8Ministry of Energy and Mineral Resources (ESDM) Press ReleaseTempo.co
The Indonesian Ministry of Energy and Mineral Resources announced a new package of tax incentives and subsidies for nickel companies that adopt environmentally friendly technologies, such as renewable energy sources for smelters, carbon capture, and advanced waste management systems. This initiative aims to mitigate the environmental footprint of the rapidly expanding nickel industry and promote sustainable practices, aligning with global climate goals and enhancing the industry's long-term viability.