Indonesia
JAKARTA – March 2, 2026 – In a move that has sent shockwaves through the global metals market, the Indonesian government has officially slashed the production quota for PT Weda Bay Nickel (WBN), the world’s largest nickel mine. The Ministry of Energy and Mineral Resources (ESDM) notified the mine’s operators
Nickel
The global nickel market witnessed a dramatic decoupling of price and fundamentals on February 11, 2026, as the industrial metal surged 5.2% in a single trading session. This sharp rally occurred despite a multi-year backdrop of structural oversupply, catching many commodity traders off guard. The immediate catalyst was a
Indonesia
In a move that has sent shockwaves through Southeast Asia’s commodities markets, Indonesian President Prabowo Subianto has officially revoked the business permits of 28 companies operating across the mining, forestry, and plantation sectors in Sumatra. The decision, announced on January 20, 2026, marks one of the most aggressive environmental
Nickel
In a landmark move that signals a deepening integration between high-tech manufacturing and raw material extraction, South Korean materials giant Sphere Corp (KOSDAQ: 347700) has officially acquired a 10% stake in the Excelsior Nickel Cobalt (ENC) project in Indonesia. The deal, announced on January 2, 2026, involves the purchase of