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Indonesia Cuts Nickel Export Quota, Keeps Profits Home, US Exception

6/15/2026

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Summary

Story summary

President Prabowo Subianto cut the 2026 nickel export quota to about 260-270 million tons.
He ordered nickel export proceeds to stay in Indonesia for 12 months, except for the United States.
In August 2025, Danantara launched a US$1.42 billion HPAL nickel project with China’s GEM.
Indonesia’s nickel sector, dominated by Chinese firms controlling about 75 percent of refining capacity, produced 2.6 million tons in 2025, 60.2 percent of world output.

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Story summary

President Prabowo Subianto cut the 2026 nickel export quota to about 260-270 million tons.
He ordered nickel export proceeds to stay in Indonesia for 12 months, except for the United States.
In August 2025, Danantara launched a US$1.42 billion HPAL nickel project with China’s GEM.
Indonesia’s nickel sector, dominated by Chinese firms controlling about 75 percent of refining capacity, produced 2.6 million tons in 2025, 60.2 percent of world output.