SMM #1 Refined Nickel Price Up 1,850 Yuan/MT, Jinchuan Premiums Steady

Indonesia will not impose export duties or a windfall tax on nickel this year, Coordinating Minister for Economic Affairs Airlangga Hartarto said on Aug. 21. He added that the government has yet to discuss the policy for 2027 in detail. The decision means no additional export tax burden on Indonesian nickel is expected in 2026, although the possibility of introducing such measures next year remains open. The government had previously considered export duties and windfall taxes on nickel and coal as a means of increasing state revenue.

An Iranian parliamentary committee approved charging service fees for ships passing through the Strait of Hormuz, with the bill still pending a plenary vote; Iranian media reported that Iran has decided to allow some Iraqi oil tankers to pass through the Strait of Hormuz.