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Merdeka Battery Materials - Announced 9M 2023 financial performance

Writer's picture: ProvidentProvident

PT Merdeka Battery Materials Tbk (MBMA) announced its financial performance for the nine months ending 30 September 2023. MBMA achieved production of 42,976 tonnes of nickel in nickel pig iron (“NPI”) and 17,649 tonnes of nickel in nickel matte. Total sales were 42,054 tonnes of NPI and 16,430 tonnes of nickel matte at average selling prices of US$14,305 and US$16,572 per tonne, respectively. MBMA recorded revenue of US$874 million and EBITDA of US$64 million.


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