Arif Kurniawan: Indonesia’s Nickel King and Market Powerbroker

Arif Kurniawan’s rise in Indonesia’s nickel sector

has become a dominant figure in Indonesia’s nickel industry, controlling roughly a third of domestic ore trade.
His companies handle billions of dollars in nickel and own mining concessions covering an area the size of New York City.
Kurniawan leveraged his experience at Glencore and deep local networks to consolidate small mines and become a critical intermediary for Chinese smelters.

Technological innovations like high-pressure acid leaching (HPAL) transformed low-grade deposits into battery-grade nickel, fueling Kurniawan’s ascent.
Government policies, including ore export bans and regulatory reforms, created volatility that savvy traders could exploit.
By investing in mines and trading operations, Kurniawan ensured consistent ore supply, strengthening his influence over pricing.

Global impact and political challenges for Indonesia’s nickel market

Indonesia now produces nearly 70% of the world’s nickel, vital for electric vehicle batteries and industrial applications.
Chinese smelters depend on local traders like Kurniawan to secure steady ore supplies, boosting his leverage in the market.
Recent political shifts under President Prabowo Subianto have increased royalties and regulatory oversight, challenging Kurniawan’s operations.

Export controls, environmental enforcement, and policy changes may reshape supply chains and trading strategies in 2026.
Kurniawan’s ability to maintain alliances and navigate the evolving regulatory landscape will determine his continued market dominance.
The Indonesian nickel market remains lucrative yet politically sensitive, emphasizing the importance of strategic local partnerships.

 

SuperMetalPrice Commentary:

Arif Kurniawan exemplifies the rise of local traders as strategic powerbrokers in critical metals markets.
Indonesia’s nickel dominance positions the country as a key supplier for global EV and battery industries.
However, political shifts and regulatory tightening highlight the risks of concentrating control in volatile sectors.
SuperMetalPrice expects 2026 to test traders’ adaptability, with price dynamics increasingly influenced by governance, alliances, and production policy.