PT ANTAM Tbk reported record production and sales volumes for nickel ore, bauxite, and alumina in FY25, driven by strong domestic demand and operational efficiencies. The company also progressed key downstream projects and strengthened its ESG leadership with multiple awards.
- Record nickel ore production at 16.11 million wet metric tons
- Highest-ever bauxite and chemical grade alumina output
- Gold sales remain solid amid global economic uncertainty
- Advancement of EV battery ecosystem and precious metals facility
- Multiple ESG and governance awards affirm sustainability commitment
Record Production Milestones
PT ANTAM Tbk (ANTAM) has delivered a standout performance in the 2025 financial year, posting its highest nickel ore production and sales in over a decade. The company produced 16.11 million wet metric tons (wmt) of nickel ore, a 62% increase from the previous year, alongside record bauxite output of 2.83 million wmt and chemical grade alumina production reaching 181,690 tons. These milestones underscore ANTAM’s operational resilience amid regulatory shifts and supply constraints.
Nickel ore sales surged 75% year-on-year to 14.58 million wmt, reflecting robust domestic demand driven by Indonesia’s expanding nickel processing industry. Meanwhile, ferronickel production and sales remained steady despite regulatory adjustments impacting pricing. Gold sales also held firm at 37,406 kg, buoyed by investor interest amid global economic volatility.
Strategic Downstreaming Initiatives
ANTAM is actively advancing its long-term growth strategy through integrated mineral downstreaming projects. Notably, construction commenced on a precious metals manufacturing facility at the Java Integrated Industrial and Ports Estate (JIIPE) in East Java, aimed at expanding domestic gold processing capacity. This aligns with ANTAM’s commitment to enhancing value addition within Indonesia.
In the nickel sector, ANTAM marked significant progress on Indonesia’s electric vehicle (EV) battery ecosystem, with construction underway at integrated battery plants in Karawang and East Halmahera. These projects position ANTAM at the forefront of the country’s push to develop a sustainable battery supply chain.
Sustainability and Governance Leadership
ANTAM’s dedication to Environmental, Social, and Governance (ESG) principles was recognised through multiple accolades in 2025. The company received the Most Trusted rating in the Corporate Governance Perception Index (CGPI) 2024, a Gold Rank in the Asia Sustainability Reporting Rating (ASRRAT) 2025, and the Gold Category award at the Indonesian Circular Economy Awards. These honours reflect ANTAM’s ongoing efforts to embed sustainability and community empowerment into its operations.
Further reinforcing its governance framework, ANTAM held an Extraordinary General Meeting of Shareholders approving amendments aligned with recent State-Owned Enterprise laws and ratified changes to its management team. The company also demonstrated corporate responsibility by swiftly deploying emergency aid and response teams to assist communities affected by natural disasters in Aceh, North Sumatra, and West Sumatra.
Outlook and Market Position
With record production volumes and strategic downstream investments, ANTAM is well-positioned to capitalise on Indonesia’s mineral processing ambitions and growing global demand for battery materials. The company’s strong ESG credentials further enhance its appeal to investors increasingly focused on sustainability. However, ongoing regulatory developments and market dynamics in ferronickel pricing warrant close attention as ANTAM navigates its next growth phase.
Bottom Line?
ANTAM’s record-breaking year and strategic projects set the stage for sustained growth amid evolving market and regulatory landscapes.
Questions in the middle?
- How will regulatory changes impact ferronickel pricing and profitability going forward?
- What is the timeline and expected capacity for the new precious metals manufacturing facility?
- How will ANTAM’s downstream projects influence its market share in the EV battery supply chain?