TEMPO.CO, Jakarta - Nickel prices have stabilized at US$17,000 per ton after Indonesia cut nickel production volumes, according to the country's Ministry of Energy and Mineral Resources.
"The prices reached US$18,600 per ton, then stabilized at around US$17,200–US$17,400 (per ton)," said Tri Winarno, the ministry's Director General of Minerals and Coal, at the "Unlocking Growth in the Middle Income Trap" event in Jakarta on Tuesday, April 7, 2026, as quoted from Antara.
Over-supplies of about 200,000 to 250,000 tons of nickel have previously caused the prices to plunge into the levels of US$14,000-15,000 per ton. "That's why the global nickel prices were stagnated," said Tri.
Since Indonesia announced it would control nickel production on December 23, 2025, Tri said the global nickel prices were up immediately after.
Hopefully, Tri said, the production control implemented by the Ministry of Energy and Mineral Resources will prevent nickel oversupply, thereby improving the price of this mining commodity.
"Around 65 percent of nickel supply comes from Indonesia. That's why we're trying to make Indonesia a price-determining player," Tri said.
When met at the Ministry of Energy and Mineral Resources office in Jakarta on Monday, Tri stated that the current nickel production volume approved by the government for 2026 is in the range of 190-200 million tons.
The nickel production quota set by the Ministry of Energy and Mineral Resources for 2026 has dropped to 250-260 million tons, compared to the 2025 Work Plan and Budget (RKAB) of 379 million tons.
The cuts are based on the imbalance between supply and demand for coal and nickel in the international market, particularly through 2025.
Read: Indonesia to Increase Nickel Benchmark for State Revenue
Click here to get the latest news updates from Tempo on Google News
Indonesia to Gradually Ease Coal Production Curbs
10 hari lalu
Minister Bahlil ensures that the government has not issued a new policy regarding the Coal Work Plan and Budget (RKAB) for 2026.
Indonesia to Increase Nickel Benchmark for State Revenue
11 hari lalu
Energy Minister Bahlil Lahadalia announces plans to raise the nickel benchmark price following instructions from Prabowo to prioritize state revenue.
PPATK: Illegal Mining Turnover Reaches Rp992 Trillion
30 Januari 2026
PPATK highlighted the prevalence of alleged Illegal Gold Mining (PETI) activities across various regions.
Vale Indonesia Seeks Higher 2026 Nickel Production Quota
20 Januari 2026
PT Vale Indonesia Tbk requests a nickel production quota increase from the DPR and the Ministry of Energy.
The High-Stakes Moment for the Commodities Business
8 Januari 2026
The outlook for commodities such as coal, nickel, and palm oil in 2026 is bleak, an alarm for small players.
Indonesia to Scale Back Coal and Nickel Production in 2026
20 Desember 2025
Indonesia will cut back on coal and nickel production next year, confirmed Minister of Energy and Mineral Resources Bahlil Lahadalia.
Astra International Subsidiary Establishes Nickel Processing Company
3 Desember 2025
Astra International Tbk has established a new subsidiary, PT Nusantara Industri Nikel Lestari.
Traces of Heavy Metals in Obi Island Waters
21 November 2025
Harita Nickel is suspected of concealing research findings on heavy metals in Obi waters. The results are not mentioned in the company's prospectus.
Governor Sherly Tjoanda's Mine Controversy
14 November 2025
North Maluku Governor Sherly Tjoanda is allegedly affiliated with mining companies in conflict with local communities.
Indonesia's BKPM and Australian CEOs Discuss Strategic Investment
13 November 2025
The BKPM head emphasized three key priority sectors for Indonesia-Australia collaborative development that possess substantial growth potential.
