Indonesia's Nickel Price Remains Relatively Unchanged in Early March 2025

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Erlina Fury Santika 04/03/2025 18:12 WIB

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Indonesia's Ministry of Energy and Mineral Resources (ESDM) set the nickel reference price at US$15,276.33 per dry metric ton (dmt) at the beginning of March 2025. This is only US$0.0014 higher than F

Indonesia Nickel Price Reference (March 2021-March 2025*)

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Indonesia Nickel Price Reference (March 2021-March 2025*)

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The Indonesian Ministry of Energy and Mineral Resources (ESDM) set the nickel benchmark price at US$15,276.33 per dry metric tonne (dmt) for the first period of March 2025.

This benchmark shows insignificant change, increasing by only 0.0014% from February 2025, which was US$15,276.11 per dmt.

However, compared to the same period last year (year-on-year/yoy), it decreased by 4.65% from the full March 2024 period, which was US$16,021.67 per dmt.

This benchmark price was established through Indonesian Minister of Energy and Mineral Resources Decree (Kepmen ESDM) Number 80.K/MB.01/MEM.B/2025 concerning the Benchmark Price of Metal Minerals and Coal for the First Period of March 2025, on March 1, 2025.

(Also read: Indonesian Nickel Benchmark Price Down 1.02% in January 2025)

Contribution of Nickel Downstreaming

The Investment Ministry/BKPM recorded that downstreaming investment realization throughout 2024 reached Rp407.8 trillion, up 8.63% compared to 2023. The Investment Minister/Head of BKPM, Rosan Roeslani, stated that this realization contributed 23.8% of the total investment realization in 2024, which reached Rp1,714.2 trillion.

Rosan explained that this investment realization came from several downstreaming sectors. Mineral smelter projects dominated at Rp245.2 trillion or 60.17% of the total downstreaming investment, with several processed commodities, namely:

* Nickel: Rp153.2 trillion
* Copper: Rp68.5 trillion
* Bauxite: Rp21.8 trillion
* Tin: Rp1.6 trillion

(Read Katadata: Downstreaming Investment Reaches Rp407 Trillion in 2024, Mostly Nickel Smelter Projects)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."