Dec 23, 2025 18:14

Recent news from Bloomberg, citing sources within the Indonesia Nickel Miners Association (APNI), indicate that Indonesia could be steering toward a major turn in the global nickel supply chain. The government is reportedly weighing a plan to slash the approved nickel ore production quota, known as RKAB, for 2026 to around 250 million tons, which would represent a drop of roughly 34% compared to 2025 levels. If finalized, the move would signal a notable shift in policy from the world’s top nickel producer, with the clear intent of tightening supply and supporting nickel prices, which have remained under pressure. Whether such a reduction is practically feasible, however, remains an open question.