【SMM Flash News】PT WBN to Halt Ore Operations in May Amid RKAB Quota Squeeze; NPI Production Unaffected

Published: Apr 23, 2026 21:12

Save

Despite a strong Q1 performance with external ore sales reaching 8.3 Mwmt (+54% YoY), PT WBN (Weda Bay Nickel) is set to place its mining operations under "Care and Maintenance" in May 2026. This suspension follows a drastic 70% reduction in its 2026 RKAB quota (initially granted at 12 Mwmt versus 42 Mwmt in 2025). While limonite sales surged 2.2x to 3.6 Mwmt due to high HPAL demand at IWIP, the current authorized volumes fall far short of the park's estimated 100 Mwmt annual requirement. Although a revision request for a higher quota is currently under review by Indonesian authorities, the mine will suspend commercial operations with IWIP until approval is granted. Notably, PT WBN’s NPI plant will continue normal operations by drawing from existing ore stockpiles.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

6 hours ago

[SMM Stainless Steel Flash] April 23, 2026: Stainless Steel Market Highlights

On April 23, 2026, Chinese Taiwan’s stainless steel wire rod exports surged 66% MoM to 10,230 tons, hitting a 15-month high. In India, a top producer launched a retail pilot for stainless steel rebars targeting infrastructure. Prices remain stable but firm; Indonesian 304 CRC FOB held at $2,112.5/mt, supported by tight nickel ore supply under the new HPM formula. While Asian buyers remain cautious, European mills are pushing for HRC price hikes of EUR 50-70/mt to offset rising procurement expenses, signaling a robust cost-driven floor for global stainless steel prices.

6 hours ago

[SMM Stainless Steel Flash] Chinese Taiwan’s Stainless Steel Wire Rod Trade Surges in March

In March 2026, Chinese Taiwan’s stainless steel wire rod trade saw a robust recovery. Imports rose 38.6% month-on-month to approximately 1,200 tons, the highest level in over a year. Exports jumped 66.2% to about 10,200 tons, crossing the 10,000-ton threshold for the first time since last September. This volume growth was matched by rising prices, with export values hitting a 10-month high. The synchronized growth in both volume and price marks a significant shift from previous market volatility, signaling an overall improvement in business conditions.

6 hours ago

[SMM Stainless Steel Flash] Top Indian Stainless Steel Producer Enters Retail Market with Rebars

A leading Indian stainless steel producer has launched a pilot program in Punjab, marking its first entry into the stainless steel rebar retail segment. The initiative aims to provide high-performance construction solutions directly to end-users. These rebars feature superior corrosion resistance, high strength, and durability, making them ideal for critical infrastructure such as coastal developments, metro projects, and premium real estate.

6 hours ago