On Monday at Jakarta’s Mineral and Coal Convention, Indonesia’s Energy and Mineral Resources Minister Bahlil Lahadalia urged nickel producers to curb output amid falling global prices, stating that domestic overproduction was pushing the commodity below the $16,000‑a‑ton mark and hovering around $15,000.
The minister cited a global oversupply of roughly 800,000 tons and said he had instructed Director General Tri Winarno to tighten control over the approval of annual work plans and budget proposals (RKAB) to manage supply.
Bahlil Lahadalia said:
I ask our colleagues in the (nickel) mining and industrial sector to exercise some restraint.
He added that nickel is a finite, non‑renewable resource and that extraction rates must be managed for the nation’s long‑term benefit.
In related developments, the Indonesian government announced that it would strengthen controls over nickel production as ore output reached 237 million tons, a figure reported by Petromindo.
These measures aim to realign international supply with demand and stabilize nickel prices, according to Antara’s coverage of the minister’s speech.
