Search
Indonesia is contemplating adjustments to its mining quotas in an effort to bolster nickel prices. As a nation that commands over half of the global refined nickel production, Indonesia finds itself confronted with the predicament of plummeting nickel prices. According to the Financial Times, the deceleration in global demand for electric vehicles, coupled with an abundant supply from Indonesia, has seen nickel prices nosedive by approximately 40% over the past two years, reaching approximately $16,000 per ton. This precipitous decline has resulted in the closure of numerous nickel mines outside Indonesia and adversely impacted the profitability of domestic producers within the country. In light of this scenario, Indonesia's Ministry of Energy and Mineral Resources is exploring the feasibility of adjusting mining quotas.
-
C114 Communication Network -
Communication Home
