- Calculation, implementation frameworks still being finalised
- Policy uncertainty to keep near-term global nickel sentiment firm
SteelDaily: Indonesia has postponed the implementation of export taxes on nickel downstream products, including nickel pig iron (NPI), initially scheduled for 1 April 2026, as authorities continue to finalise the calculation framework. The move reflects ongoing coordination between the Ministry of Energy and Mineral Resources and the Ministry of Finance to assess market impact and tax structures.
Policy review underway amid revenue focus
The government remains committed to introducing export levies on value-added nickel products to enhance state revenue. However, detailed formulas and implementation mechanisms are still under evaluation, pushing back near-term execution.
Supply management to support prices
Alongside tax measures, Indonesia plans to manage supply through Work Plan and Budget (RKAB) quota adjustments and benchmark price revisions to stabilise market dynamics. Production alignment with smelter demand is expected to support prices and limit volatility.
Outlook
Policy uncertainty is likely to keep sentiment firm, with Indonesia’s regulatory direction continuing to influence global nickel supply and pricing trends.
Note: This article has been written in accordance with a content exchange agreement between SteelDaily and BigMint.
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