Indonesia RKAB Quota Policy Shows Easing Signals; Nickel and Stainless Steel Futures Rally
Indonesia's RKAB quota policy has shown signals of easing, driving nickel and stainless steel futures higher.
Indonesia's RKAB quota policy has shown signals of easing, driving nickel and stainless steel futures higher.
Nornickel revises down its 2026 global nickel market surplus forecast.
Nickel prices surged in late trading last night, returning above 130,000 yuan/tonne, and continued to strengthen today, at one point gaining more than 2%.
South Africa's ARM has approved the Bokoni expansion and the restart of the Nkomati nickel mine.
Indonesian officials said the rare earth export policy has been clarified, with the ban applying only to single products; mineral exports without rare earths resumed on Sunday.
As Indonesia's high-grade laterite nickel ore resources continue to be depleted, the average ore grade keeps declining.
Indonesia's Energy and Mineral Resources Ministry will map associated rare earth content in downstream nickel and copper products to resolve export barriers.
Harum Energy's Q2 net profit rose 208% quarter-on-quarter, with MHP sales reaching 21,000 tonnes.
The Indonesian government has clarified its rare earth export rules, and nickel and tin exports have resumed.
Indonesian government revokes operating permits of four mining companies over Raja Ampat nickel mining controversy.
Indonesia's nickel supply policy shift, combined with falling ore grades, is strengthening signs of tightening supply.
Canada has approved the Crawford Mine, the largest nickel mine in the Western world, moving it into the development phase.