The Supply Of Nickel Batteries in Indonesia Will Increase Fivefold This Year

This year, Indonesian production of nickel intermediate battery MHP supply will increase fivefold, according to the benchmark mineral nickel forecast. This is expected to ease the growing demand for nickel for electric vehicle batteries.

Demand for more powerful nickel-containing batteries will grow 42 per cent this year as sales of electric vehicles accelerate, according to benchmark data.

This week, the first shipment of more than 9,500 tonnes of nickel and cobalt hydroxide (MHP) products left The Indonesian port of Morovalli on the HH Diamond container ship (manufacturer) bound for the port of Ningbo.

PT laterite nickel hydrometallurgy project. Huayue Nickel-cobalt is an important strategic project to establish a complete industrial chain of new energy lithium battery materials. The Project in Indonesia is important to ensure future supply of nickel and cobalt resources and to build a competitive nickel raw material manufacturing base for new energy power batteries, Huayou said.