【SMM Nickel Flash News】PAM Mineral (NICL) Eyes 5.3 Million Ton Production Target Amid Transition to Annual RKAB

Published: Jan 23, 2026 14:37

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In an interview on January 22, 2026, Ruddy Tjanaka, President Director of PT PAM Mineral Tbk (NICL), expressed optimism for the nickel industry despite Indonesia's shift back to a one-year RKAB (production quota) cycle. While the company prefers a three-year planning horizon, it has submitted a 2026 RKAB totaling 5.3 million tons (IBM: 2.5M, SMA: 2.3M, and PAM: 800k). Ruddy noted that while global nickel prices (LME/HMA) are rising due to supply tightening, the primary challenge remains the speed of quota approvals, as some operations are still pending forestry permits (PPKH).

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