About Neo Energy
Transforming Energy with Sustainable Materials & Future-Forward Battery Solutions
As Indonesia continues to strengthen its position as a global leader in the nickel value chain, market participants once again look to the government’s monthly reference price as a benchmark for industry activity. For the first period of November 2025, the Harga Patokan Mineral (HPM) for nickel has been officially released, providing clarity for stakeholders across the upstream and downstream ecosystem, including producers, smelters, and emerging battery-material industries.
The HPM for saprolite ore (1.8% Ni) has been set at USD 15,075.33 per DMT for early November 2025. This benchmark price serves as a key guide for transactions across the domestic nickel mining landscape, ensuring that trading activities remain aligned with national standards and regulatory frameworks.
For companies operating within Indonesia’s rapidly expanding mineral and battery-materials sector, including Neo Energy and its network of subsidiaries, the proactive release of the HPM supports stable planning, contractual alignment, and operational clarity. As Indonesia accelerates its roadmap toward integrated green-energy production, the HPM continues to serve as one of the cornerstone tools for ensuring fair value creation within the ecosystem.
The nickel industry remains one of Indonesia’s most strategically significant sectors, playing a central role in national downstreaming efforts and supporting the country’s long-term ambition to become a global hub for electric-vehicle battery production. With downstream industries growing and industrial estates developing across major regions, the government’s reference pricing mechanism helps maintain transparency and consistency across the supply chain.
Neo Energy continues to focus on developing high-value products across the battery-material supply chain, from mixed hydroxide precipitate (MHP) to processed nickel ore. Clear and timely HPM updates complement this long-term vision by helping stakeholders across the value chain align on expectations and maintain a healthy, sustainable operational flow.
As Neo Energy expands the Neo Energy Parimo Industrial Estate (NEPIE) and Neo Energy Morowali Industrial Estate (NEMIE) into fully integrated processing hubs, the company remains committed to supporting Indonesia’s national industrial strategy. Benchmarks such as the HPM ensure that growth across the nickel sector remains structured, transparent, and aligned with national priorities.
The issuance of the November HPM reaffirms the government’s commitment to consistent governance and market stability. For industry players, it signals continuity, allowing companies to focus on innovation, operational excellence, and long-term investment.
As Indonesia moves forward in building a resilient, future-ready green-industrial ecosystem, Neo Energy stands aligned with the nation’s goals: strengthening the domestic value chain, supporting sustainable industrial growth, and delivering long-term value for communities and the country.
