PT Harum Energy Tbk reported production of 19,249 tonnes of nickel pig iron (NPI) in the third quarter of 2025, up 3.72% from the previous quarter and 18.4% higher than the same period last year. Nickel sales for the quarter reached 20,899 tonnes, a 13.11% increase quarter-on-quarter.
The year-on-year growth in sales was supported by improved capacity utilization at WMI. The overall RKEF utilization rate reached 89% in the first three quarters of 2025, up from 80% in the same period last year. The company's average selling price for nickel products fell by only 5% year-on-year, outperforming the broader market decline which saw the LME nickel price drop 10% from an average of $16,850/tonne in the first three quarters of 2024 to $15,259/tonne in the same period of 2025.
Subsequent Plans:
Blue Sparking Energy (BSE) HPAL Project
The high-pressure acid leaching (HPAL) project has exceeded 90% overall completion. All major equipment has been delivered and installed on site, with work now focused on finalizing key facilities. Commissioning is scheduled to begin in early 2026.
Written by Cora Ji, jiruyan@mysteel.com
