Tag: EV nickel demand

Could Indonesia’s 40% nickel production cut be a game-changer for global supply?

Jan 10, 2025

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by

Neha TU

in Nickel, Stainless Steel

Global nickel demand set to rise 10%-15% in 2025 Nickel tags fall y-o-y for 2nd straight year in 2024 Nickel producers are bracing for a challenging 2025, as Indonesia’s rapid production expansion keeps the market oversupplied, exerting pressure on prices. However, the Indonesian government plans a potential 40% cut to nickel mine quotas, which could…