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hike ","battey-targeted-nickel-favoured-in-indonesias-royalty-hike","article/battey-targeted-nickel-favoured-in-indonesias-royalty-hike",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":651,"featured":51,"reporter":652,"_editable":656,"component":657,"seo_title":543,"categories":658,"visibility":664,"author_company":49,"featured_image":665,"seo_description":651,"author_full_name":49,"author_job_title":49,"formattedDate":669,"formattedArticleDate":670},"17bcadc1-5e4f-4a56-815f-2cb1356e0466","2025-04-17 00:00",[550,553],{"slug":551,"name":552},"indonesia","Indonesia",{"slug":554,"name":555},"policy","Policy",[557],{"slug":558,"name":559,"content":560},"matthew-bird","Matthew Bird",{"job_title":561,"image":562,"bio":564,"linkedin":565},"Senior Editor - Supply Chains & Data Visualisation",{"filename":563},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":567,"content":568},"doc",[569,586,591,602,614,619,632,640],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573,576,584],{"text":574,"type":575},"Indonesia has confirmed it will overhaul its nickel royalty structure ","text",{"text":577,"type":575,"marks":578},"following a public consultation period last month",[579],{"type":580,"attrs":581},"link",{"href":582,"uuid":49,"anchor":49,"target":49,"linktype":583},"https://source.benchmarkminerals.com/article/is-indonesias-nickel-boom-at-risk-from-shifting-policy","url",{"text":585,"type":575},", replacing the current flat 10% levy on nickel ore with a progressive rate ranging from 14% to 19%.",{"type":570,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":575},"Nickel matte and ferronickel will also move to a progressive system, though at lower rates than initially proposed. Royalty rates will be determined by the government’s benchmark price, known as the Harga Mineral Acuan (HMA). ",{"type":570,"attrs":592,"content":593},{"textAlign":49},[594,596],{"text":595,"type":575},"Notably, limonite ore processed into battery-grade nickel products will benefit from a preferential royalty rate of just 2%, underscoring the government’s commitment to promoting value-added processing and ",{"text":597,"type":575,"marks":598},"bolstering its downstream capabilities in the lithium ion battery supply chain.",[599],{"type":580,"attrs":600},{"href":601,"uuid":49,"anchor":49,"target":49,"linktype":583},"https://source.benchmarkminerals.com/article/indonesias-ev-ambitions-face-tests-under-new-leadership",{"type":603,"attrs":604},"blok",{"id":605,"body":606},"01dc6607-4271-4ab9-af7a-71c9d4d55a3e",[607],{"id":608,"_uid":609,"type":610,"_editable":611,"component":612,"fixed_height":613,"use_fixed_height":50,"fixed_height_mobile":613,"fixed_height_tablet":613},"22711802","i-4f273a9e-7301-4931-b3cf-7ba69af285cf","visualisation","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-4f273a9e-7301-4931-b3cf-7ba69af285cf\", \"id\": \"\"}-->","ContentFlourish","",{"type":570,"attrs":615,"content":616},{"textAlign":49},[617],{"text":618,"type":575},"As part of broader efforts to direct investment towards the battery supply chain, a moratorium on new RKEF smelters—primarily serving the stainless steel industry—was proposed last year. ",{"type":570,"attrs":620,"content":621},{"textAlign":49},[622,624,630],{"text":623,"type":575},"The lithium ion battery sector is the fastest-growing end use market for nickel, with demand projected to triple over the next decade, according to the ",{"text":625,"type":575,"marks":626},"Benchmark Nickel Forecast",[627],{"type":580,"attrs":628},{"href":629,"uuid":49,"anchor":49,"target":49,"linktype":583},"https://www.benchmarkminerals.com/nickel/data-reports/forecast",{"text":631,"type":575},". In line with this trend, battery-targeted MHP and matte projects are set to drive the majority of Indonesia’s nickel supply growth through to 2030.",{"type":603,"attrs":633},{"id":634,"body":635},"1e7e4efc-feb1-4fc5-82c2-55b5c23e046f",[636],{"id":637,"_uid":638,"type":610,"_editable":639,"component":612,"fixed_height":613,"use_fixed_height":50,"fixed_height_mobile":613,"fixed_height_tablet":613},"22711341","i-1950913c-6d93-4499-8b72-0b1f5d77b764","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-1950913c-6d93-4499-8b72-0b1f5d77b764\", \"id\": \"\"}-->",{"type":570,"attrs":641,"content":642},{"textAlign":49},[643,645],{"text":644,"type":575},"However, due to headwinds in the battery supply chain, Indonesian nickel producers are adding greater optionality into their product mix by developing metal capacity, allowing them to serve different markets depending on underlying fundamentals. ",{"text":646,"type":575,"marks":647},"This flexibility supports the government’s broader objective of maximising the value of its resources.",[648],{"type":580,"attrs":649},{"href":650,"uuid":49,"anchor":49,"target":49,"linktype":583},"https://source.benchmarkminerals.com/article/nickel-market-faces-uncertainty-amid-indonesias-mining-quota-adjustments","Indonesia has confirmed it will overhaul its nickel royalty structure following a public consultation period last month, replacing the current flat 10% levy on nickel ore with a progressive rate ranging from 14% to 19%. Nickel matte and ferronickel will also move to a progressive system, though at lower rates than initially proposed. Royalty rates […]",[653],{"slug":558,"name":559,"content":654},{"job_title":561,"image":655,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"17bcadc1-5e4f-4a56-815f-2cb1356e0466\", \"id\": \"\"}-->","article",[659,662],{"slug":660,"name":661},"critical-minerals","Critical Minerals",{"slug":663,"name":150},"nickel","private",{"id":49,"alt":613,"name":613,"focus":613,"title":613,"source":613,"filename":666,"copyright":613,"fieldtype":667,"meta_data":668,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/9e68a947d3/bm-indonesia-mine-1.jpg","asset",{"alt":613,"title":613,"source":613,"copyright":613},"Apr 17, 2025","17th April 2025",[],[],1781280254312]