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Updated · Bloomberg · Jun 24Indonesia Lifts 2026 Nickel Mining Quotas to 360 Million Tons as Prices Slide
3 articles · Updated · Bloomberg · Jun 24Summary
- 360 million tons of nickel mining quotas are set to be approved in Indonesia this year, up from about 260 million tons issued in the first half.
- Mid-year RKAB revisions would unlock a significant production increase later in 2026, easing ore supply pressure for domestic smelters.
- Global nickel prices fell on the prospect of higher Indonesian output, underscoring the country’s outsized influence over the battery metal market.
Insights
Can Indonesia's nickel dominance survive its own 'dirty' production methods and rising political risks? As Indonesia floods the market with cheap nickel, what is the true environmental cost for the EV revolution?