INCO Matte Nickel Production Throughout 2025 Reaches 72,027 MT

JAKARTA - PT Vale Indonesia (INCO) recorded nickel production in matte reaching 72,027 metric tons (MT) throughout 2025.

This result shows a positive increase compared to the 71,311 MT achieved in 2024.

Director & Chief Financial Officer of PT Vale Indonesia Tbk Rizky Putra said that on a quarterly basis, production in the fourth quarter of 2025 was recorded at 17,052 MT, or about 12 percent lower than 19,391 MT in the third quarter.

"This is mainly due to the reconstruction of Furnace 3 which started in November and is targeted to be completed in May 2026," he said, Tuesday, March 17.

He continued, compared to the fourth quarter of 2024 which reached 18,528 tons, production in the same period this year was also slightly lower.

However, overall production throughout the year remained higher than last year.

"This result reflects the Company's continued commitment to maintaining operational reliability and managing production efficiently throughout the year," continued Rizky.

In addition to the main production of matte nickel, PT Vale also continues to record progress in expanding its commercial portfolio this year, including through the sale of saprolite nickel ore from the Pomalaa and Bahodopi blocks.

In 2025, the sales of saprolite ore reached 2,316,023 wet metric tons (wmt), with the highest monthly volume in October at 516,167 wmt.

Overall, the Bahodopi Block contributed the largest contribution to the sale of saprolite ore throughout the year.

"Reflecting stable operational performance and continuous improvement in production efficiency, PT Vale's nickel matte shipments recorded a moderate increase in 2025, reaching 73,093 t compared to 72,625 t in 2024," he continued.

Meanwhile, consumption of HSFO, diesel, and coal decreased in line with lower production volumes in the fourth quarter of 2025.

This condition occurs in line with the start of the reconstruction of Furnace 3 as part of efforts to maintain production capacity in the future while ensuring operational safety.

"During the quarter, the price of HSFO fell by 4 percent, while the price of diesel and coal each experienced a moderate increase of 6 percent and 1 percent," said Rizky.