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Why Indonesia?
Ultra Low-Cost Production
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Indonesia has become the dominant #1 producer of nickel in the world due to its abundance of low-cost lateritic nickel deposits
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Lowest all-in-sustaining-cost (AISC) of any nickel district in the world
Rapidly Expanding Economy
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The IMF forecasts that Indonesia will become the 5th largest GDP (PPP) in the world at USD $6.8 trillion by 2030
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New President and government came into power in October 2024 with their #1 mandate to boost annual economic growth to 8%
Pro Mining Government
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Indonesia's new president has prioritized expanding the mining sector, with a strong focus on nickel as a strategic resource for economic growth and global competitiveness
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The government has reinforced the 2020 nickel export ban and is actively attracting foreign investment through incentives, infrastructure development, and support for the stainless steel and EV battery ecosystems
The Epicenter of the World for Nickel Production and Refining
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Produced 63% of worldwide Nickel Production in 2024
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As of January 2025, Indonesia currently has 44 nickel smelters in production, 19 under construction and 7 in the feasibility stage
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Canada currently has 4 nickel smelters in production while the US has zero
Major Auto Manufacturers & Big Businesses are Rushing to Indonesia
LG consortium’s battery cell factory is to begin commercial production Q3 2024 with 10 Giga capacity
Vale to build another $2 bln HPAL plant – March 18, 2024
Tesla signs $5B deal to buy nickel from Indonesia – Aug 8, 2022
Ford partners in $4.5B HPAL plant-December 7, 2023
Toyota plans to invest $1.8B over the 3 years
Volkswagen to invest $5B in a new battery factory
Mitsubishi plans to invest $372.25M to expand its EV production capacity
Hyundai opened a new $1.55B EV assembly plant in 2023
Major car manufacturers and multi-billion-dollar corporations are building battery manufacturing plants, HPAL smelters and EV assembly plants in Indonesia
Stainless Steel Industry
Stainless steel finds applications in construction, architecture, and automotive sectors. Demand from building and infrastructure projects contributes to its growth.
Aerospace & Defense Industry
Demand for new aircraft and aftermarket products/services drives growth. Geopolitical challenges contribute to robust demand for weapons and next-generation capabilities.
Electric Vehicle Industry
Rising environmental awareness, government support, and declining battery prices drive EV adoption. BEVs and HEVs are dominant post-pandemic, with Asia-Pacific leading the way.
Consumer Electronics Industry
Increasing demand for electronic devices, smart appliances, and sustainability-driven innovations. Remote work and online learning boost sales of laptops, tablets, and cameras.
Why Nickel?
The Demand for Nickel
Around two thirds of global nickel production is used to produce stainless steel. As an alloying element, nickel enhances its important properties such as formability, weldability and ductility, while increasing corrosion resistance in certain applications.
In 2024, the global stainless market was valued at USD $216.16 billion, with projections of it reaching USD $320.37 billion by 2031
Asia Pacific dominates the stainless steel market, accounting for 68.32% of global demand in 2023
A Tale of Two Nickel's
LME Nickel Price
Source: Knightsbridgesg
Global Nickel Mining Production
Source: Statista
Indonesian & Chinese Nickel Ore Prices
Source: :Macquarie
Indonesian Lateritic Nickel Production
Source: Statista
You don’t have to look far to see that Indonesia doesn’t just buck global nickel trends—it sets them. While LME nickel prices and global production outside Indonesia have declined in recent years, lateritic nickel ore prices CFR at smelter have surged in 2024, and Indonesian production continues to soar, further cementing its position as the world’s dominant nickel producer.
Why Lateritic Nickel?
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High-grade lateritic nickel is used for Nickel Pig Iron (NPI) and ferronickel which are widely used for stainless steel. More notably, NPI is primarily used in 300-series stainless steel which is the single greatest demand for nickel in the world
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Low-grade lateritic nickel is used in HPAL processors that create Mixed Hydroxide Precipitate (MHP), NiSO₄ (Nickel Sulfate) and NCH (Nickel Cobalt Hydroxide Precipiate), which are all essential components for EV batteries
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Lowest all-in-sustaining-cost (AISC) of any nickel production in the world
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Significant R&D is being deployed to continuously improve the effectiveness of smelters and processors in the country which further bolsters the economic viability of these mineral rich laterites
Why Invest?
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On the doorstep of becoming a Revenue generating producer accomplished with first $1.1M raised
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Pilot production program now de-risked – Proven ability to operate now that Nusa Nickel is officially in production
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Operating in the world’s #1 nickel district – Central Sulawesi, Indonesia
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Massive scalability with up to 700 ha available of lateritic nickel rich land approved by the Indonesian Ministry of Energy & Resources
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Path to early return of capital – profit sharing with shareholders
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Unlocking new revenue streams with potential for our Transport & Sales License
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Indonesian nickel proxy - Providing North American investors with the only pure-play exposure to Indonesia's ultra-low-cost nickel production
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Nickel demand from Indonesian nickel showing no signs of slowing down
