【SMM Flash News】PT Vale Indonesia’s 2026 RKAB Quotas Fall Significantly Short of Targets for Bahodopi and Pomalaa

Published: Apr 16, 2026 17:12
PT Vale Indonesia (INCO) reports a major shortfall in its 2026 approved RKAB quotas compared to internal targets. The Bahodopi mine was granted 2.31 million tons (74% below target), while Pomalaa received 5.8 million tons (68% below target). CEO Bernardus Irmanto noted that the Pomalaa quota falls short of the 7 million tons needed for the smelter's planned August 2026 launch. Combined with a 6% decline in Sorowako’s nickel matte target (67,645 tons) due to furnace maintenance, INCO faces tightening supply constraints across its 2026 roadmap.

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
【SMM Analysis】Weekly Review of Indonesian Nickel Market - May 15
3 hours ago
【SMM Analysis】Weekly Review of Indonesian Nickel Market - May 15
Read More
【SMM Analysis】Weekly Review of Indonesian Nickel Market - May 15
【SMM Analysis】Weekly Review of Indonesian Nickel Market - May 15
3 hours ago
SMM 10-12% High-Grade NPI Price Drops to 1,146 Yuan, Indonesian NPI FOB Rises to $147.75 Amid Market Tug-of-War
4 hours ago
SMM 10-12% High-Grade NPI Price Drops to 1,146 Yuan, Indonesian NPI FOB Rises to $147.75 Amid Market Tug-of-War
Read More
SMM 10-12% High-Grade NPI Price Drops to 1,146 Yuan, Indonesian NPI FOB Rises to $147.75 Amid Market Tug-of-War
SMM 10-12% High-Grade NPI Price Drops to 1,146 Yuan, Indonesian NPI FOB Rises to $147.75 Amid Market Tug-of-War
[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI fell 4.5 yuan/nickel unit WoW to 1,146 yuan/nickel unit (ex-factory, tax included), while the average Indonesian NPI FOB index price rose 0.97 $/nickel unit WoW to 147.75 $/nickel unit. This week, the high-grade NPI market overall maintained a pattern of fluctuating at highs, with significant divergence between sellers and buyers. Prices edged lower in center amid the tug-of-war between cost support and weak demand, and overall market sentiment remained subdued.
4 hours ago
SMM Nickel News: High-Grade NPI Sentiment Index Dips Slightly, Market Remains in Standoff
4 hours ago
SMM Nickel News: High-Grade NPI Sentiment Index Dips Slightly, Market Remains in Standoff
Read More
SMM Nickel News: High-Grade NPI Sentiment Index Dips Slightly, Market Remains in Standoff
SMM Nickel News: High-Grade NPI Sentiment Index Dips Slightly, Market Remains in Standoff
[SMM Nickel Flash] May 15 — The SMM high-grade NPI market sentiment index stood at 2.82, down 0.03 MoM. The high-grade NPI upstream sentiment index was 3.34, down 0.03 MoM. The high-grade NPI downstream sentiment index was 2.3, down 0.03 MoM. The high-grade NPI market sentiment remained largely flat today, continuing a high-level standoff. The price range fluctuated slightly with the center staying stable, and supply-demand price divergence remained relatively pronounced.
4 hours ago