Indonesia's reported quota rethink caps nickel rally
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https://think.ing.com/articles/indonesia-caps-nickels-rally-with-a-quota-rethink/
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4 itemsIndonesia’s reported quota rethink caps nickel rally
The desk interprets the recent pause in the nickel price rally as a direct response to Indonesia's potential adjustment of its mining quotas, which signals a more accommodating supply environment. Per the full note [source], Indonesia's consideration to raise its 2026 mining quota from 250-260 million tonnes to approximately 360 million tonnes reintroduces supply uncertainties following a previously assertive tightening of nickel production policies. With Indonesia dominating over 60% of the global mined nickel supply, such regulatory shifts are critical for market pricing and broader commodity trends.