Tag: nickel ore pricing formula

How will Jakarta’s new nickel ore policy reshape global stainless steel markets?

Apr 20, 2026

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by

Manya Dewangan

in Nickel

Indonesia raises nickel ore pricing benchmark Nickel supply tightened by lower mining quotas Indonesia implemented a new Mineral Benchmark Price (Harga Patokan Mineral, or HPM) pricing formula for nickel ore on 15 April. The policy, part of Jakarta’s long-term strategy to control nickel supply, raise prices, and boost state revenue from the mineral sector, is…