China Nickel Market: Upstream Quotations Weaken Amid Rising Steel Scrap Supply Pressure

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.

印尼能源与矿产资源部部长Bahlil Lahadalia宣布，在与总统普拉博沃会晤后，计划调高镍矿内贸基准价（HPM）。此举旨在增加矿产部门的国家收入，确保国家资源获得更公平的收益。Bahlil强调，调整价格是落实总统优先考虑国家利益并维持可持续产量的指示。此外，能源部还将重点推动下游化进程，并通过优化乙醇和棕榈油生物柴油等国内能源潜力，加速实现国家能源自给自足。