Metals & Mining #nickel#indonesia
Nickel's Fortunes Hinge on Indonesia's Mining Quota Policy as Prices Rebound
Nickel prices have rebounded from six-month lows to $16,950/tonne, but the direction for H2 2026 hinges on Indonesia's mining quota policy. Indonesia is considering raising its RKAB quota to 360 million tonnes, which could shift global supply dynamics. Forecasts from BMI, AOCE, and ING Think indicate potential price moderation, with market surplus or deficit depending on policy decisions.
Jul 21, 2026 1 source