Indonesia aims to manage nickel ore supply to support prices
JAKARTA, Oct 18 (Reuters) - Indonesia aims to manage nickel ore supply and demand to support prices, its mining minister said on Friday, amid reports of delays in the quota approval process ...
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Availability of Indonesian nickel reserves and efforts to …
In 2019 and 2022, Indonesia became the largest nickel ore producer(Tan 2022).The significant increase in Indonesia's reserves in 2019 and 2022 has significantly impacted the rise in world nickel ore reserves (Fig. 5).The combination of nickel price and reserve resilience graphs from 1996 to 2022 shows a trend of increasing nickel prices with decreasing …
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Nickel Prices Remain Under Pressure as Indonesia's Supply …
Nickel prices continue to struggle, recently hitting their lowest levels since 2020, as Indonesia's surging production reshapes the global market. ... Shipments of nickel ore into Indonesia surged to 9.3 million tonnes in the first ten months of 2024, up from just 161,917 tonnes during the same period in 2023, according to official data.
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Global demand spurring Indonesia's mining boom comes at …
Indonesia's mining industry is rapidly expanding on demand for the minerals needed to help power the global energy transition, like nickel, cobalt and bauxite. But experts say it's coming at a cost for thousands of communities across the vast archipelago. On the small island of Kabaena, Indigenous villagers are no longer able to fish, farm seaweed or safely swim in the …
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Indonesia weighs deep cuts to nickel mining to boost prices
Indonesia is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal, according to people familiar with the matter. The Energy and Mineral Resources Ministry is looking at lowering the amount of nickel ore allowed to be mined next year to 150 million tons, said the people,
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Indonesia's rational choice in the nickel ore export ban policy
Figure 2 illustrates the fluctuations in global nickel prices according to the London Metal Exchange (LME) data, highlighting the significant impact of Indonesia's efforts to monopolize global nickel prices through the ban on the export of raw nickel ore since January 2020 have led to significant fluctuations in nickel prices, influenced by ...
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Indonesia Nickel
Source: NBS, Verdhana research. Fig. 6: Nickel intermediaries exports Source: CEIC, Verdhana research . Fig. 7: Indonesia imported more ore from the Philippines Source: NBS, Verdhana research . Fig. 8: We maintain …
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Indonesia's Benchmark Nickel Price Increase to …
ASIATODAY.ID, JAKARTA – Indonesia's benchmark nickel price in May 2024 rose 0.27% to US$17,472.38 per dry metric ton (dmt). This figure is an increase of US$ 47.86 per dmt compared to last April which reached US$ …
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Indonesia's nickel prices surge amid probe into mining …
Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used...
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Indonesia Miner : The Ministry of Energy and Mineral …
Previously, the polemic on the selling price between the miners and the smelter industry did occur, especially in the midst of high nickel ore prices. Secretary General of the Indonesian Nickel Miners Association (APNI) Meidy K. Lengkey explained that the HPM for nickel metal in April 2022 reached US$ 80 per wet metric ton (wmt).
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Indonesia weighs deep cuts to nickel mining to increase …
Indonesia is weighing deep cuts to nickel mining quotas and is looking at lowering the quantity of ore mined next year to as low as 150 million heaps from 227 million this year, …
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Indonesia's Benchmark Nickel Price Increase to US$17,472 …
ASIATODAY.ID, JAKARTA – Indonesia's benchmark nickel price in May 2024 rose 0.27% to US$17,472.38 per dry metric ton (dmt). This figure is an increase of US$ 47.86 per dmt compared to last April which reached US$ 17,424.52 per dmt.
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Eramet: Indonesia to be world's largest nickel producer
Although imports still account for a small portion of Indonesia's total nickel consumption, high demand has pushed nickel ore prices higher than the minimum benchmark price (MSP) set by the Indonesian government. "This nickel ore supply shortage is creating market tension in Indonesia, despite the fact that the global nickel market is still ...
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Indonesia weighs deep cuts to nickel mining to boost prices
Indonesia is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal, according to people familiar with the matter. The Energy and Mineral Resources Ministry is looking at lowering the amount of nickel ore allowed to be mined next year to 150 million tons, said the people, who asked not to be ...
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Global demand spurring Indonesia's mining boom …
Indonesia's mining industry is rapidly expanding on demand for the minerals needed to help power the global energy transition, like nickel, cobalt and bauxite. But experts say it's coming at a cost for thousands of communities …
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Tighter Indonesian nickel ore supply boosts prices, curbs
Feb 28 (Reuters) - Nickel ore prices in Indonesia, the world's top producer, have risen on tighter supply after government delays in issuing new mining quotas that has also prompted...
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Tighter Indonesian nickel ore supply boosts prices, curbs
Nickel ore prices in Indonesia, the world's top producer, have risen on tighter supply after government delays in issuing new mining quotas that has also prompted smelters to curb production ...
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Indonesia's Growing Nickel Production Disrupts Global Market
Toward the end of Q1, nickel began to perk up alongside other base metals, which helped lift nickel prices 1.03% higher from the start of 2024 to the close of March.
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Smelters squeeze Indonesia's nickel ore supply
Listen to this article Indonesia has emerged as the leading force in the nickel industry, holding over half of the global market share in 2023. Since the downstreaming policy banning raw nickel ore exports was enacted in 2020, nickel mining and production activities have steadily risen, driven by robust global demand and an influx of investment in processing and …
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Nickel Prices Remain Under Pressure as Indonesia's Supply …
Nickel prices continue to struggle, recently hitting their lowest levels since 2020, as Indonesia's surging production reshapes the global market. ... Shipments of nickel ore into …
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Indonesia's nickel prices surge amid probe into mining …
Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production …
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Tsingshan cuts Indonesian nickel output due to tight ore …
Top nickel producer China's Tsingshan has cut ferronickel production in Indonesia due to persistent shortages of ore caused by delays to mining quota approvals, two sources with knowledge of the matter said.
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Tsingshan cuts Indonesian nickel output due to tight ore …
Top nickel producer China's Tsingshan has cut ferronickel production in Indonesia due to persistent shortages of ore caused by delays to mining quota approvals, two sources …
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Indonesia curbing nickel supply to support locals, Eramet says
Indonesia is squeezing supplies of nickel ore to protect smaller local miners as the market for the battery metal endures a prolonged slump, according to Eramet SA.
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Indonesia weighs deep cuts to nickel mining to boost prices
Indonesia is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal, according to people familiar with the matter. The Energy and Mineral Resources Ministry is looking at lowering the amount of nickel ore allowed to be mined …
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Nickel Ore in Indonesia
The fastest growing export markets for Nickel Ore of Indonesia between 2021 and 2022 were China ($45.6M), Singapore ($674), and Netherlands ($111). Imports In 2022, Indonesia imported $800k in Nickel Ore, becoming the 20th largest importer of Nickel Ore in the world. At the same year, Nickel Ore was the 1078th most imported product in Indonesia.
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Tighter Indonesian nickel ore supply boosts prices, curbs …
Nickel ore prices in Indonesia, the world's top producer, have risen on tighter supply after government delays in issuing new mining quotas that has also prompted smelters to curb production ...
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Indonesia weighs deep cuts to nickel mining to increase prices …
Indonesia is weighing deep cuts to nickel mining quotas and is looking at lowering the quantity of ore mined next year to as low as 150 million heaps from 227 million this year, Bloomberg News reported on Thursday, as the country looks for to support rates. Indonesia has emerged as one of the world's greatest producers of nickel items following a 2020 ban on the …
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Indonesia's Nickel Trade Shift: Philippines to the …
Consequently, despite assertions that Indonesia has ample nickel ore supply, prices have exhibited noticeable fluctuations. Over the past week, nickel prices surged by around 8%, following a previous 10% increase. This …
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Indonesia Nickel Price Index Targeted to Form at the End of …
"Indonesia is planning to form the Indonesia Nickel Price Index which is targeted to be formed by the end of this year," said Jodi when contacted on Tuesday (11/7). ... "As the owner of the largest nickel ore deposit, it is appropriate for Indonesia to have bargaining in determining pricing," said Irmanto.
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