
MOVING NICKEL FURTHER TO CREATE VALUE
Trading & Logistics
A Licenced commercial standalone division built to market Nusa Nickel's own production + aggregate third party nickel supply and pursue international brokering opportunities across Indonesia's Nickel Industry.
Through its wholly owned Indonesian subsidiary, PT Nusa Niaga Corp., Nusa operates under an IPP Trading License, providing the licensed pathway to purchase, transport and sell third-party nickel production while also commercializing Nusa’s own material.


Why Trading & Logistics Exists in Indonesia
Indonesia’s nickel industry brings together a broad upstream producer base and one of the world’s largest downstream processing markets, creating an important commercial role between supply and demand.
Regulated by Design: Indonesia separates mineral production and trading under distinct licensing frameworks.
IPP Trading License: Nusa’s IPP Trading License provides the regulatory foundation to purchase, transport and sell third-party nickel production.
Strong Downstream Demand: Indonesia’s extensive RKEF and HPAL processing capacity creates significant demand for reliable nickel feedstock.

Three Commercial Pathways
Nusa’s Trading & Logistics platform is designed to capture value across multiple points in Indonesia’s nickel supply chain, combining domestic scale with broader international market access.

Why it Scales
MULTIPLE PATHWAYS, A LARGER ADDRESSABLE MARKET
Growth Along Nusa
Nickel Production
As Nusa expands Production, additional internally sourced material can flow through Trading & Logistics.
Third Party
Aggregation
Nusa can increase commercial volume by adding suppliers, transactions, logistics throughput and downstream customers without establishing a new production operation for every source.
International Brokering
Nusa can expand beyond domestic feedstock trading by connecting Indonesian producers and processors of intermediate nickel products with global customers.
Production growth adds internal commercial volume, third-party aggregation provides faster and more flexible domestic scale, and international brokering extends Nusa into global nickel-intermediate markets.


Intermediate Nickel Products
Indonesia’s downstream processing industry produces globally traded nickel intermediates that serve major stainless steel, battery and specialty-alloy markets. This creates an opportunity for Nusa to expand beyond domestic feedstock trading and pursue international brokering relationships across a broader nickel value chain.
Nickel Pig Iron (NPI): A key feedstock used primarily in stainless steel production.
Mixed Hydroxide Precipitate (MHP): A battery-material intermediate that can be further refined into nickel sulphate and other high-purity nickel products.
Nickel Matte: A processed nickel intermediate that can be further refined for battery, alloy and other higher-purity nickel applications.
By connecting Indonesian producers and processors with international buyers, Nusa can extend its commercial reach beyond domestic nickel feedstock markets.

GOVERNMENT PRICING FRAMEWORK
Nickel ore pricing in Indonesia is governed by the HPM benchmark, which establishes minimum pricing based on nickel grade and moisture content. During periods of strong feedstock demand, commercial premiums above HPM may also be paid.
Nusa’s Indonesian leadership team brings experience across nickel production, trading and logistics, supported by established relationships and direct knowledge of Indonesia’s domestic nickel supply chain.
TRADING EXPERTISE ON THE GROUND

