PT Merdeka Battery Materials Tbk (MBMA) announced its financial performance for the first half ending 30 June 2023. MBMA achieved production of 21,238 tonnes of nickel in nickel pig iron (“NPI”) and 4,438 tonnes of nickel in nickel matte, following the acquisition of PT Huaneng Metal Industry. Total sales were 19,222 tonnes of NPI and 3,036 tonnes of nickel matte at average selling prices of US$15,543/t for NPI and US$17,196/t for nickel matte. MBMA recorded revenue of US$351 million and EBITDA of US$12 million.
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