Downstreaming of nickel, a strategy to add value to Indonesia's natural resources, is proving to be a crucial driver of economic transformation. The Deputy for Coordination of Maritime Resources at the Coordinating Ministry for Maritime Affairs and Investment, Firman Hidayat, highlights that this approach has attracted substantial foreign investment and led to significant regional economic growth. Nickel export values have surged since the introduction of downstreaming policies, with derivatives experiencing a 6.6-fold increase compared to 2013 levels.
Indonesia's economic performance has thrived with downstreaming, making it a standout among G20 nations. The country has maintained a trade surplus for 40 consecutive months, even amid global economic challenges. The primary objective of nickel downstreaming is to establish a competitive ecosystem within the lithium battery and electric vehicle value chain, generating job opportunities and enhancing educational access and quality. Additionally, the government is committed to ensuring that downstreaming efforts prioritize environmental, social, and governance (ESG) factors, demonstrating a holistic approach to development and sustainability.
