Proposed cobalt reclassification, royalties threaten Indonesian ramp-up: experts

Indonesia’s plan to redefine cobalt as an independent mineral and impose royalties on it could raise costs for miners and impede the nation’s progress as a major producer of the battery mineral, industry participants told Platts, part of S&P Global Energy. The Indonesian Nickel Miners Association has submitted a request to the government, seeking to maintain cobalt’s status as a byproduct ofIndonesia’s plan to redefine cobalt as an independent mineral and impose royalties on it could raise costs for miners and impede the nation’s progress as a major producer of the battery mineral, industry participants told Platts, part of S&P Global Energy. The Indonesian Nickel Miners Association has submitted a request to the government, seeking to maintain cobalt’s status as a byproduct ofRead More