Indonesia: The next market leader for Nickel.
Nickel is one of the most sought out commodities in the 21st Century and Indonesia with its huge reserves could potentially overtake Australia in Global Nickel Contribution.
As of the year 2020, the global nickel reserves amount to 94 million metric tons and out of that amount Indonesia currently occupy more than 20% of it at 21 million metric tons. The global nickel production as of 2020 was 2.5 million metric tons and Indonesia contributes 760.000 metric tons, that's a whopping 30.4% of the total contribution.
Why is nickel so demanded?
One of the most obvious reasons is the growing interest and awareness of clean energy. As the government rushes to meet its agenda to tackle climate problem, batteries are looked to be the most efficient storage of energy.
One of the most popular storage batteries will be the lithium ion battery, out of which Nickel is the main component for it. According to study done by JP Morgan and International Renewable Energy Association (IRENA), a growing awareness for clean energy pioneered by the introduction of EVs or Electric Vehicle which is estimated to occupy 30% of all car sales by and the rising adoption of renewable energy such as solar power which is set to occupy 23% of the total energy consumption by 2025 clearly indicating that Nickel is going to play a huge role in this clean energy transition.
Why will Indonesia be at an advantage?
Of course, there are a lot of advantages to be talked about when you are holding 20% of the world's supply. The Indonesian government has stated its aim to not only be a contributor but to be the main player in the Nickel market.
We can see by the recent export ban on nickel ore in 2020 and also the recent Omnibus Law that will help drive up investments and demand into the country.
How will you be benefited?
Well while it is fairly beneficial to be in the Nickel Business in this age and time, it is not easy to set it up. Well here in Nagaya technologies, we understand this concept by making it easy for all of you to be a part of it. All our coin holders are a part of the profit sharing generated from the project that is operating including our first project the nickel mine in indonesia and the profits will be equally distributed to all of you our coin holders.
For more information, visit https://www.nagaya.io/projects
Or talk to us at t.me/NagayaOfficial
