EcoPro BM Puts 1.2 Trillion Won Into Indonesian Nickel Smelter as 200,000-Ton Glut Persists
Updated
Updated · 디일렉(THE ELEC 영문판) · Jul 23
EcoPro BM Puts 1.2 Trillion Won Into Indonesian Nickel Smelter as 200,000-Ton Glut Persists
1 articles · Updated · 디일렉(THE ELEC 영문판) · Jul 23
Summary
64% of EcoPro BM’s 1.2 trillion won rights offering will fund a stake in Indonesia’s BNSI nickel smelter, prioritizing raw-material security over today’s surplus market.
A roughly 200,000-metric-ton global nickel oversupply in 2025 has not slowed investment because U.S. PFE rules and Europe’s CRMA are pushing battery makers to secure compliant, diversified supply chains.
BNSI is due to start in the second quarter of 2027 and add 36,000 tons of annual nickel supply, lifting EcoPro’s secured total to 65,000 tons a year—enough for about 1.5 million EVs.
Indonesia already produces about two-thirds of mined nickel and half of refined output, while the IEA expects supply growth to outpace demand for about a decade even as demand rises 65% by 2040.
That concentration is sharpening competition for non-Chinese-linked feedstock, with Indonesia projected to dominate key battery nickel intermediates and China set to produce 70% of global nickel sulfate by 2035.