Aneka Tambang Tbk (ASX:ATM)) is aiming for a positive performance in its nickel segment production and sales in 2023 through production and sales optimisation, as well as strategies for cost efficiency.

The company says its ferronickel production and sales target is a 12% growth compared to their 2022 production, and have also set a target for their nickel ore production and sales growth of 31% and 36% respectively.

It also says its completing the construction of a ferronickel plant in East Halmahera and signed a Power Purchase Agreement (PJBTL) with PLN for the electricity supply.

Additionally, Aneka Tambang Tbk signed a Conditional Share Purchase Agreement with Hong Kong CBL Limited to further develop their electric vehicle battery industry.