NewsFlash / Nickel / Indonesia Boosts RKAB Nickel Ore Quota to 32 Million Wet Tonnes for 2024-2026, Easing Market Premiums
Indonesia Boosts RKAB Nickel Ore Quota to 32 Million Wet Tonnes for 2024-2026, Easing Market Premiums
iconOct 16, 2024 13:00
[New Progress in Indonesia RKAB Quota Approval] According to SMM, the quota allocated to an important Indonesian domestic trade laterite nickel ore supplier has increased from the previous order of magnitude of 16 million wet tonnes to 32 million wet tonnes this year. Moreover, the approval quota for this volume of laterite nickel ore has been granted for the next three years from 2024 to 2026. It is expected that the approval of this additional quota will have a certain impact and loosening effect on the current premium transaction prices in Indonesia's domestic trade laterite nickel ore supply market.
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