Main Industry: Mining and Metallurgy
TOP 3 Markets:

1. Indonesia: approximately 35%
2. China: approximately 30%
3. Japan: approximately 20%

PT Vale Indonesia Tbk is mainly engaged in nickel production, which accounts for the majority of its revenues. The company benefits from the increasing demand for nickel, which is essential for the production of batteries, especially for electric vehicles.

The Indonesian market is particularly important for PT Vale as the company has its production facilities there and benefits from government initiatives to promote domestic industry. China and Japan are significant consumers of nickel as these countries have large production facilities for electric vehicles and electronics that rely on nickel.

Production sites of PT Vale Indonesia Tbk:

1. Sorowako, Sulawesi - Main production site

PT Vale Indonesia Tbk operates its main production site in Sorowako, on the island of Sulawesi. This facility is one of the largest nickel production sites in Indonesia and plays a central role in the company's nickel production. The company utilizes the abundant nickel deposits in this region to manufacture its products.

Investments in Sustainable Mining Practices: Increase by 20% (2025)

Expansion of Production Capacities: Planned increase by 25% by 2027

PT Vale Indonesia Tbk is pursuing a strategy that strongly focuses on sustainable mining practices and the expansion of production capacities. The company has increased its investments in environmentally friendly technologies and processes by 20% to reduce its ecological footprint and meet the requirements of ESG criteria.

In addition, PT Vale Indonesia plans to increase its production capacities by 25% by 2027. This will be achieved through the expansion of existing mines and the development of new deposits. These measures aim to meet the growing demand for nickel, especially in the electric vehicle sector.

Through these strategic initiatives, PT Vale Indonesia positions itself as a leading provider in the nickel industry that emphasizes both growth and sustainability.

Main raw material: Nickel

PT Vale Indonesia Tbk is primarily engaged in nickel production. The main raw material processed by the company is nickel, which is extracted from its own mines in Indonesia. Therefore, the company is less dependent on the import of raw materials.

Imported materials: Machinery and equipment

However, for the operation and maintenance of their production facilities, PT Vale Indonesia Tbk imports machinery and equipment. These are typically sourced from countries such as Japan, the USA, and Germany, known for their high-quality industrial machinery.

Indonesia has a strong local raw material base, especially for nickel, which minimizes the need for raw material imports for PT Vale Indonesia Tbk. Therefore, the dependence on imports is mainly limited to technical equipment and specialized machinery.

Market share in Indonesia: approx. 5% (2025, estimate) Production capacity: 80,000 tons of nickel per year (2025) Cost structure: Among the top 3 most cost-efficient producers in the region (2025, estimate)

PT Vale Indonesia Tbk has a significant competitive advantage due to its strong position in the Indonesian nickel market, which is one of the largest globally. The company benefits from a strategic location in one of the richest nickel deposits in the world, which facilitates raw material sourcing and reduces transportation costs.

Another advantage is the high production capacity of 80,000 tons of nickel per year, which enables PT Vale to benefit from economies of scale and offer competitive prices. The company's efficient cost structure, placing it among the top 3 most cost-efficient producers in the region, further enhances this advantage.

Additionally, PT Vale continuously invests in technological innovations and sustainable production methods, which not only increase operational efficiency but also enhance the company's image in an increasingly environmentally conscious market.

Institutional Investor Share: approximately 60% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last year (2026)

The institutional investor share in PT Vale Indonesia Tbk is around 60%, indicating a high level of trust from institutional investors in the company. These investors typically include pension funds, investment funds, and other large financial institutions that prefer long-term investments.

In 2026, there were no significant insider transactions, suggesting that the management and other insiders have not made significant changes to their holdings. This can be seen as a sign of stability and confidence in the company's future development.

Market share of PT Vale Indonesia Tbk: 8% (estimated, 2026)

Main competitors and their market shares:

1. PT Aneka Tambang Tbk (ANTAM): 15%
2. PT Timah Tbk: 12%
3. PT Freeport Indonesia: 10%
4. PT Merdeka Copper Gold Tbk: 9%
5. PT Vale Indonesia Tbk (INCO): 8%
6. PT Harum Energy Tbk: 6%
7. PT Adaro Energy Tbk: 5%
8. PT Indo Tambangraya Megah Tbk: 4%
9. PT Bumi Resources Tbk: 3%
10. PT Bukit Asam Tbk: 2%

Moat of PT Vale Indonesia Tbk:

PT Vale Indonesia Tbk has a moderate moat, mainly supported by its established mining sites and long-term off-take agreements. The company benefits from its expertise in nickel mining and processing, giving it a certain technological advantage.

Compared to its competitors, PT Aneka Tambang Tbk has a stronger moat due to its diversified product range and larger geographical reach. PT Freeport Indonesia also has a significant moat because of its extensive copper reserves and strategic partnerships.

Overall, PT Vale Indonesia Tbk has a solid but not outstanding moat. The competition is strong, and some competitors have an advantage through diversification and strategic alliances. To strengthen its moat, PT Vale could invest in technological innovations and sustainable practices to differentiate itself from the competition.

Revenue Growth: 10% (2025) Profit Growth: 8% (2025) Production Increase: 5% (2025)

PT Vale Indonesia Tbk recorded a revenue growth of 10% in 2025, attributed to increased demand for nickel and efficient production increase. The 8% profit growth in the same period indicates that the company has good control over its cost structure and was able to benefit from the rising commodity prices.

The strategic focus on sustainable and environmentally friendly production methods could give the company a competitive advantage in the coming years, especially given the global demand for environmentally friendly raw materials for the electric vehicle industry.

Analysts see the planned expansion of production capacities and investments in new technologies as positive signals for future growth. This could increase the attractiveness of the stock for long-term investors who are betting on the trend towards renewable energies and sustainable resources.

Dividend payment: No dividend (as of 2023)

PT Vale Indonesia Tbk has not paid any dividends in recent years. The company has focused on reinvesting its profits in business expansion and infrastructure modernization.

The reliability of dividend payments is therefore not guaranteed, as the company has not made regular distributions so far. Investors should focus on capital growth through share price increases rather than dividend income.