【SMM Flash News】ESDM Minister Bahlil to Raise Nickel Benchmark Price (HPM) Following Presidential Mandate

Published: Mar 29, 2026 22:07

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Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia announced plans to increase the nickel benchmark price (HPM) following a strategic meeting with President Prabowo Subianto. The adjustment aims to bolster state revenue and ensure a fairer return from national mineral assets. Bahlil emphasized that the move aligns with presidential instructions to prioritize national interests and maintain sustainable production levels. Additionally, the ministry is targeting accelerated downstreaming and energy self-sufficiency through optimized domestic potentials like ethanol and CPO-based biodiesel.

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