Tag: Indonesia mining quotas nickel
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Global: Nickel market to swing into deficit in 2026 as Indonesia rewrites the balance
Market shifts from surplus to deficit year-on-year Indonesia policy reset reshapes global cost curve A market that entered 2026 burdened by a 283,000-tonne surplus is being reshaped-quarter by quarter – by Indonesian quota cuts, a revised ore-pricing benchmark, and a demand mix increasingly split between stable stainless steel and a slowing battery-chemistry shift. Nickel’s 2026…