Merdeka Battery Materials (MBMA) operates integrated nickel mining and processing facilities connected to industrial parks in Sulawesi to support the global electric vehicle battery materials value chain. Since becoming a publicly listed company in 2023, MBMA has continued to expand its business portfolio and has been a constituent of the IDX30 and LQ45 indices of the Indonesia Stock Exchange since 2024.

MBMA’s business spans the key stages of the nickel value chain, from mining and processing to refining into a range of value-added products. Its primary source of nickel ore is the Sulawesi Cahaya Mineral (SCM) Mine in Konawe, Southeast Sulawesi. Home to one of Indonesia’s largest nickel resources, SCM produces both saprolite and limonite ores, which are processed through integrated processing and refining facilities at the Indonesia Morowali Industrial Park (IMIP) in Central Sulawesi.

Saprolite ore is processed through Rotary Kiln Electric Furnace (RKEF) facilities to produce Nickel Pig Iron (NPI), which is subsequently converted into high-grade nickel matte (HGNM), an important feedstock for the electric vehicle battery industry. Meanwhile, limonite ore is processed through an ore preparation facility before being transferred to High Pressure Acid Leach (HPAL) facilities to produce mixed hydroxide precipitate (MHP), one of the primary raw materials used in electric vehicle batteries.

At IMIP, MBMA is also developing the AIM (Acid, Iron, Metal) Plant, which processes pyrite from the Wetar Copper Mine into a range of value-added products. This development supports the efficient utilization of mineral resources while further strengthening MBMA’s position in Indonesia’s mineral value chain.