Indonesia Controls Global Nickel Reserves: How Was Nickel Production in 2021?
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Indonesia possesses the world's largest nickel ore reserves. Around 52% of the world's nickel reserves, or 72 million tons, were located in Indonesia in 2020.
According to data from the Ministry of Energy and Mineral Resources (ESDM), Indonesia's national nickel production for nickel pig iron (NPI) and nickel matte decreased in 2021. However, feronickel production increased in 2021.
Specifically, NPI production reached 664,750 tons in 2021, a 22.75% decrease compared to the previous year's production of 860,480 tons.
Furthermore, nickel matte production amounted to 82,560 tons in 2021, a 9.97% decrease from the previous year's production of 91,700 tons.
Meanwhile, feronickel production reached 1.54 million tons in 2021, a 4.05% increase from the previous year's 1.48 million tons.
For information, NPI is a low-grade nickel product that serves as an alternative to feronickel. Feronickel is an alloy of iron and nickel, with nickel content varying from 25% to 45%. Nickel matte is refined nickel with a composition of 70% nickel, 1% cobalt, and 20% sulfur.
"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."
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