The global nickel market is poised for a larger surplus next year, driven by continued production expansion in Indonesia, Japan’s largest nickel smelter Sumitomo Metal Mining said on Wednesday.

Nickel flowing to Europe shows Indonesia’s grip on global supply

Jindal Stainless, India’s largest stainless steel manufacturer, has announced the commissioning of its Nickel Pig Iron smelter facility located in an industrial park in Halmahera Islands, Indonesia, eight months ahead of the scheduled timeline.

Jindal Stainless has urged the government to remove import duties on ferro-nickel and molybdenum in the upcoming budget to ensure industry access to these key raw materials at competitive prices.

The Indonesian government is conducting a comprehensive evaluation regarding the termination of permits for the RKEF smelters which make products in the form of ferronickel and nickel pig iron, a mining ministry official said on Tuesday.

PT Shuoshi Indonesia Investment, a company based in Morowali Regency, successfully completed its first export of ferronickel to Zhapu, China.

On May 20th, the APNI released INPI Index.

On April 29th, the APNI released INPI Index.