Jakarta Nickel is an important strategic commodity for Indonesia’s national economy,, Deputy Trade Minister Jerry Sambuaga said in a written statement released here on Saturday.

Thus, while the European Union (EU) has filed a lawsuit against Indonesia on the nickel ore export ban, Indonesia has the right to limit its nickel trade for the sake of its people and sustainability, he added.

Nickel is one of the materials used to make batteries for various goods, including electric vehicles, which have become a global trend, he noted.

Indonesia is the world’s primary nickel producer, which is why the nation’s nickel is often targeted by the international market, Sambuaga said.

The government is striving to optimize nickel’s contribution to the national economy and the restriction of nickel exports is a part of that effort, he explained.

“The goal is for us to have better management through down-streaming of raw mining material industry in accordance with President Joko Widodo’s directive,” the minister elaborated.

This action, which is meant to ensure the utilization of limited and non-renewable resources can bring a positive impact in the long term, is actually beneficial for the international community, he said.

Source: Antara News