More than 25 global auto and battery makers have expressed interest in buying nickel from Australia-listed producer Nickel Industries' new Indonesian plant, CEO Justin Werner said on Tuesday, in the latest boost to Indonesia's nickel dominance.

Macquarie said that the cost of producing low-grade nickel pig iron (NPI) in China will be the key to determining nickel prices. Nickel prices on the London Metal Exchange (LME) are down 45% in 2023 and are under further pressure.

Australian mining magnate Andrew Forrest has called on China to demand higher environmental standards from its global supply chain, particularly its companies conducting nickel processing in Indonesia, the Financial Times said on Sunday.

Subhrakant Panda, MD of Indian Metals and Ferro Alloys said the company's balance sheet position remains strong with cash on books at about ?350 crore.

They made their comments during a news conference held by the State Council Information Office on Thursday.

Jubilee Metals reported tolling agreements to February 2027, while construction of a second processor module was on course for completion later this year.

The output accounted for 59.1 percent of the province's power load at that time, said the company.

The proportion of nonfossil energy in the total energy consumption is expected to rise to around 18.9 percent, it said in a guideline on energy work in 2024.