Morning Bites (part 2)

⛏ Indonesia has increased its 2025 nickel mining quota 10% YoY to 298mnt, despite earlier discussions about a potential 25-45% YoY cut to 150-200mnt, according to the local nickel miner association (APNI). Although the Minister of Energy and Mineral Resources, Bahlil Lahadalia, emphasised that the government has no plans to reduce nickel ore output this year, the quota might be reduced in 2H25, mainly among assets that have not yet commenced operations

We reiterate our view that at spot Ni continues to trade below what we see as its fundamentally reasonable level (USD ~20,000/t for 2025F)

#Nickel 
https://metals-wire.com/news-reports