A worker mans a furnace during the nickel smelting process at the PT Vale smelting plant in Soroako in South Sulawesi, Indonesia. (Photo: AFP)
The value of Indonesia’s nickel exports surged tenfold in five years after it forced buyers to set up refineries in the country. Now Southeast Asia’s biggest economy plans to use that blueprint to vault nto the ranks of higher-income economies by processing everything from copper to fish.
The goal is to double per-capita gross domestic product (GDP) to $10,000 by 2045, which would bring Indonesia close to the World Bank’s high-income threshold. At the same time, the shift would create new centres of growth outside Java, its richest and most populated island.
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