Indonesia is discussing a plan to halt new processing facilities for semi-finished nickel products to support prices, senior minister Bahlil Lahadalia said on Wednesday. He said an oversupply of semi-finished nickel has pushed prices lower and the government is considering scaling back or suspending such capacity while promoting downstream production of finished nickel goods. Indonesia, the world’s largest nickel exporter, mainly ships nickel pig iron and ferronickel, and the government will con

Indonesia is discussing a plan to halt new processing facilities for semi-finished nickel products to support prices, senior minister Bahlil Lahadalia said on Wednesday. He said an oversupply of semi-finished nickel has pushed prices lower and the government is considering scaling back or suspending such capacity while promoting downstream production of finished nickel goods. Indonesia, the world’s largest nickel exporter, mainly ships nickel pig iron and ferronickel, and the government will continue to support prices by controlling mining extraction quotas.