Indonesian Government Implements New Nickel Product Tariff Policy from April 26

Published: Apr 16, 2025 09:51

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[Indonesian Government Introduces New Tariff Policy on Nickel Products, Effective April 26]

Jakarta, April 16, 2025 — The President of Indonesia officially signed the new nickel product tariff policy on April 11, which will take effect on April 26. According to the new regulations, royalties for various nickel products will be dynamically adjusted based on the HMA benchmark price. The ranges are as follows:

Nickel Ore: 14% - 19% (2% if grade ≤1.5)

NPI: 5% - 7%

Nickel Matte: 3.5% - 5.5%

Ferronickel: 4% - 5%

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.

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