Nickel Prices Recover to US$17,000 as Indonesia Cuts Production

Tempo04-07

TEMPO.CO, Jakarta - Nickel prices have stabilized at US$17,000 per ton after Indonesia cut nickel production volumes, according to the country's Ministry of Energy and Mineral Resources. "The prices ...

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That's why we're trying to make Indonesia a price-determining player,\" Tri said.When met at the Ministry of Energy and Mineral Resources office in Jakarta on Monday, Tri stated that the current nickel production volume approved by the government for 2026 is in the range of 190-200 million tons.The nickel production quota set by the Ministry of Energy and Mineral Resources for 2026 has dropped to 250-260 million tons, compared to the 2025 Work Plan and Budget (RKAB) of 379 million tons.The cuts are based on the imbalance between supply and demand for coal and nickel in the international market, particularly through 2025.Read: Indonesia to Increase Nickel Benchmark for State Revenue Click here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2625932868","isCrawlerRequest":true}