Story perspectives
Indonesia Sets Nickel Quota Amid EV Demand Decline
1/11/2025
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Story summary
- Indonesia established a nickel ore mining quota of 200 million tonnes for 2024 to align supply with environmental standards.
- Export value reached USD 34.5 million, primarily driven by demand from Japan and China.
- The government is contemplating quota reductions to stabilize prices due to oversupply issues.
- Indonesia accounted for over 56% of global nickel production in 2024, yet EV sector demand is decreasing.
