- Indonesia approves 210 mt of 2026 quota
- Policy to influence global stainless steel costs
SteelDaily: Indonesia has set its 2026 nickel ore production target at 260 million tonnes (mnt), with approvals granted for 210 mt so far under the RKAB framework. The move marks a sharp reduction from last year’s 379 mt, reflecting efforts to rebalance global oversupply and stabilise nickel prices.
Supply control to support prices
The government indicated flexibility in adjusting quotas based on market conditions, signalling a supply-driven pricing approach. Controlled ore output is expected to tighten feedstock availability for nickel pig iron (NPI) producers, supporting upstream prices and influencing stainless steel cost structures.
Policy direction and market impact
Indonesia continues to align mining policies with supply-demand dynamics, with remaining quota approvals likely to be phased based on price trends. Market participants expect this to remain a key variable shaping global nickel and stainless steel markets.
Note: This article has been written in accordance with a content exchange agreement between SteelDaily and BigMint.
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