Core Insights - Indonesia's nickel-related product export value is projected to reach $33.9 billion in 2024, significantly higher than $3.3 billion in 2017, driven by downstream policies in the nickel industry [1] Group 1: Government Policies - The substantial increase in export value is attributed to the nickel ore export ban implemented by the Indonesian government on January 1, 2020 [1] - The Indonesian government’s downstream policy has positively influenced global perceptions of Indonesia in the nickel sector [1] Group 2: Industry Potential - Indonesia holds approximately 43% of the world's nickel reserves, positioning itself as a key player in the global nickel market [1] - The value added from processing nickel ore into nickel sulfate can increase by 11.4 times, while further processing into precursors can enhance value by 19.4 times, and producing battery products can increase value by 67.7 times [1]