Indonesia's Largest Nickel Smelter Gunbuster Enters Debt Restructuring Process
Indonesia's largest nickel smelter, Gunbuster, has entered the debt restructuring process.
Indonesia's largest nickel smelter, Gunbuster, has entered the debt restructuring process.
Due to raw material supply interruption from Cuba's Moa mine, Sherritt closes refinery with annual capacity of 38,200 tons.
Sherritt International Halts Nickel Smelter Production Due to Exhausted Cuban Feedstock
On June 26, 2026, Australian listed company Nickel Industries Limited announced a $169 million investment to acquire equity in an Indonesian nickel project.
Jakarta and industry players agree on the framework for evaluating next year's production quotas.
Affected by new policies, Indonesian Chinese-funded nickel-cobalt miners have generally cut production, and the industry's overall capacity utilization has fallen below the break-even line.
Policy changes, raw material constraints and cost pressure are weighing on Chinese-invested nickel-cobalt operations in Indonesia.
Indonesia's nickel quota process remains a key variable for ore availability, smelter operating rates and global nickel price expectations.