{"id":293783,"date":"2026-02-12T07:34:05","date_gmt":"2026-02-12T07:34:05","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/293783\/"},"modified":"2026-02-12T07:34:05","modified_gmt":"2026-02-12T07:34:05","slug":"indonesia-nickel-mining-quota-cut-impacts-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/293783\/","title":{"rendered":"Indonesia Nickel Mining Quota Cut Impacts Market"},"content":{"rendered":"<p>Nickel\u00a0climbed on Thursday,\u00a0after\u00a0Indonesia sharply cut this year\u2019s mining quota for\u00a0PT\u00a0Weda\u00a0Bay\u00a0Nickel, the world\u2019s biggest mine for the critical mineral.<\/p>\n<p>The most-active\u00a0nickel\u00a0contract on the Shanghai Futures Exchange\u00a0SNIcv1\u00a0climbed 2.49% to 140,570 yuan ($20,366.86) a metric ton as of 0250 GMT. The Shanghai contract surged as much as 3.14% earlier this session.<\/p>\n<p>The benchmark three-month\u00a0nickel\u00a0on the London Metal Exchange\u00a0CMNI3\u00a0rose 0.70% to $17,990 a ton, after rising 2.23% on Wednesday.<\/p>\n<p>On Wednesday, French miner\u00a0<a href=\"https:\/\/www.reutersconnect.com\/all?search=all%3AL1N3Z70BR&amp;linkedFromStory=true\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Eramet<\/a>\u00a0said the Indonesian mine had received an initial mining quota of 12 million wet metric tons for 2026, down from 32 million wet tons for 2025. It said it would seek an upward revision soon.<\/p>\n<p>The mine is a joint venture between the French company and Chinese\u00a0nickel\u00a0and stainless steel giant Tsingshan, and Indonesia\u2019s state-backed\u00a0PT\u00a0Antam.<\/p>\n<p>The cut came after local media reported on Tuesday that Indonesia has so far approved\u00a0nickel\u00a0mining quotas of around 260 million to 270 million tons for 2026.<\/p>\n<p>\u201cThe news has boosted market sentiment, and prices are expected to remain supported in the short term,\u201d said Natalie Scott-Gray, StoneX\u2019s senior metals analyst, in a note.<\/p>\n<p>\u201cHowever, it is worth remembering that Indonesia has historically sought to prevent prices rising sustainably above $18,000\/t, as elevated prices risk undermining domestic EV sector competitiveness.\u201d<\/p>\n<p>Meanwhile, copper also advanced on Thursday, as a weak U.S. dollar provided support for greenback-denominated commodities by making them more affordable for investors using other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"Nickel\u00a0climbed on Thursday,\u00a0after\u00a0Indonesia sharply cut this year\u2019s mining quota for\u00a0PT\u00a0Weda\u00a0Bay\u00a0Nickel, the world\u2019s biggest mine for the critical mineral.&hellip;\n","protected":false},"author":2,"featured_media":293784,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[576,72,102022,140212,140213,113,140214,140215,140216,61,140217,60,140218,140219,140220,140221,140222,140223,140224],"class_list":{"0":"post-293783","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-asia","9":"tag-business","10":"tag-copper-prices","11":"tag-critical-minerals-indonesia","12":"tag-critical-resources","13":"tag-economy","14":"tag-eramet-indonesia","15":"tag-ev-supply-chain-nickel","16":"tag-global-nickel-market","17":"tag-ie","18":"tag-indonesia-nickel-quota","19":"tag-ireland","20":"tag-london-metal-exchange-nickel","21":"tag-nickel-prices","22":"tag-pt-antam","23":"tag-shanghai-futures-exchange-nickel","24":"tag-tsingshan-nickel","25":"tag-u-s-dollar-commodities","26":"tag-weda-bay-nickel"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/293783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=293783"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/293783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/293784"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=293783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=293783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=293783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}