#Nickel
Nickel industry oversupply, demand plummets: Analyst
An analyst says the nickel industry is no longer profitable for many business players as it is now facing major pressure due to overproduction, causing prices to drop drastically, a condition exacerbated by a shortage of nickel ore supply that has forced several smelters in Indonesia to cut production.
Ifishdeco books positive performance in 2024, targets nickel mining expansion
Nickel mining company, PT Ifishdeco, has recorded positive performance throughout 2024, booking net sales of Rp972.71 billion (US$59.45 million) and net profit of Rp143.45 billion (US$8.74 million).
ESDM clarifies speculation of Nickel Royalty hike to 15 percent
The Ministry of Energy and Mineral Resources (ESDM) has calmly responded to widespread speculation of planned increase in nickel royalties from 10 percent to 15 percent.