Government Targets Rp3,839 Trillion in Downstream Investment with Nickel as Top Priority
The Director of Mineral and Coal Downstreaming at the Ministry of Investment and Downstreaming/BKPM, Rizwan Aryadi Ramdhan, has outlined the strategic direction of downstreaming policy for the five-year term of President Prabowo's administration.
Amid the push for national industrial transformation, nickel occupies the foremost position as the driving force behind downstreaming. The government, through the Ministry of Investment and Downstreaming/BKPM, is targeting downstream investment realisation of Rp3,839 trillion during the 2025–2029 period, with nickel as the priority commodity.
Speaking at the Indonesia Smart Mining Conference 2025 in Jakarta, Rizwan stated that the primary objective of the transformation is to build a value-added economy and reduce dependence on raw material exports.
"Economic transformation must be anchored in downstreaming, and nickel is the key because Indonesia holds 42% of the world's nickel reserves," he said at the two-day event held on 15–16 July 2025 at the Shangri-La Hotel.
Rizwan explained that to achieve economic growth of 8% per annum, the government is targeting combined investment from foreign and domestic sources totalling Rp13,032.8 trillion. Of this amount, downstreaming is targeted to contribute Rp3,839 trillion, with nickel accounting for the largest share at Rp365 trillion — higher than other commodities such as copper, petroleum, gas and bauxite.
Throughout 2024, recorded downstream investment reached Rp407.8 trillion, with the largest contribution coming from the mineral sector, particularly nickel, which also underpins the national electric vehicle ecosystem.
Although the downstreaming roadmap covers 28 commodities across 8 priority sectors, the government has chosen to focus its strategy on 15 strategic commodities within the National Medium-Term Development Plan (RPJMN) 2025–2029. Nickel sits at the top of this list, followed by copper, oil and gas, bauxite and others.
Other key commodities in focus include tin, iron and steel, silica sand, as well as marine and fisheries products such as prawns and tilapia. However, among all these commodities, nickel is considered the most ready in terms of reserves, supply chain and global market demand.
Under the downstreaming roadmap drawn up since 2022, the government projects potential investment of US$618 billion, GDP contribution of up to US$235.9 billion, the creation of more than 3 million jobs, and an increase in exports to US$857.9 billion by 2040. These figures are largely underpinned by nickel-based industries, which have expanded rapidly through the construction of smelters, battery plants and electric vehicle ecosystem projects.
Amid the push for national industrial transformation, nickel occupies the foremost position as the driving force behind downstreaming. The government, through the Ministry of Investment and Downstreaming/BKPM, is targeting downstream investment realisation of Rp3,839 trillion during the 2025–2029 period, with nickel as the priority commodity.
Speaking at the Indonesia Smart Mining Conference 2025 in Jakarta, Rizwan stated that the primary objective of the transformation is to build a value-added economy and reduce dependence on raw material exports.
"Economic transformation must be anchored in downstreaming, and nickel is the key because Indonesia holds 42% of the world's nickel reserves," he said at the two-day event held on 15–16 July 2025 at the Shangri-La Hotel.
Rizwan explained that to achieve economic growth of 8% per annum, the government is targeting combined investment from foreign and domestic sources totalling Rp13,032.8 trillion. Of this amount, downstreaming is targeted to contribute Rp3,839 trillion, with nickel accounting for the largest share at Rp365 trillion — higher than other commodities such as copper, petroleum, gas and bauxite.
Throughout 2024, recorded downstream investment reached Rp407.8 trillion, with the largest contribution coming from the mineral sector, particularly nickel, which also underpins the national electric vehicle ecosystem.
Although the downstreaming roadmap covers 28 commodities across 8 priority sectors, the government has chosen to focus its strategy on 15 strategic commodities within the National Medium-Term Development Plan (RPJMN) 2025–2029. Nickel sits at the top of this list, followed by copper, oil and gas, bauxite and others.
Other key commodities in focus include tin, iron and steel, silica sand, as well as marine and fisheries products such as prawns and tilapia. However, among all these commodities, nickel is considered the most ready in terms of reserves, supply chain and global market demand.
Under the downstreaming roadmap drawn up since 2022, the government projects potential investment of US$618 billion, GDP contribution of up to US$235.9 billion, the creation of more than 3 million jobs, and an increase in exports to US$857.9 billion by 2040. These figures are largely underpinned by nickel-based industries, which have expanded rapidly through the construction of smelters, battery plants and electric vehicle ecosystem projects.