Indonesian Nickel Miners Aim to Launch Local Metal Exchange in 2026

On June 4, Meidy Katrin Lengkey, Secretary General of the Indonesia Nickel Miners Association (APNI), stated that APNI had proposed the establishment of an Indonesian metal exchange, which had already received approval from the Indonesian government. This metal exchange, designed for trading futures contracts for nickel and other metals, is expected to be launched in the first half of 2026 (H1 2026). Indonesia is the world's largest nickel ore producer and holds the world's largest nickel reserves. Since 2020, the Indonesian government has banned nickel ore exports to attract smelting investments.

Meidy said that in the initial phase, the exchange would primarily handle nickel pig iron (NPI) contracts, with plans to expand into other nickel products and other metals in the future.

APNI is currently studying the concepts and structures of such exchanges based on the systems used by existing exchanges, such as the London Metal Exchange and the Shanghai Futures Exchange.

Please note that this news is sourced from https://www.cnmn.com.cn/ShowNews1.aspx?id=462393 and translated by SMM.