Indonesia's mining policy underwent a sudden change! Effective immediately, the validity period of mining quotas had been shortened from three years to one year. The 2025 quota remained valid, but miners must resubmit applications for the 2026-2027 quota. This aggressive recapture of production control by the government aimed to stabilize prices for key resources like coal and nickel.

Due to policy impacts, market expectations of tightening nickel supply had rapidly intensified. On October 9th, the SunSirs nickel reference price was 124,000 RMB/ton, a single-day increase of 1.22%. However, the short-term policy benefits cannot mask the long-term fundamental pressures. The global nickel market remains shrouded in the shadow of oversupply, with the oversupply projected to reach 256,000 tons by 2026, which will continue to suppress price increases.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.