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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":695,"relatedVideos":696},112468122693882,"83284bdc-c0e4-4d80-b25a-be359ec5628d","Nickel prices tentatively recover on LME as Indonesia confirms quotas","nickel-prices-tentatively-recover-on-lme-as-indonesia-confirms-quotas","article/nickel-prices-tentatively-recover-on-lme-as-indonesia-confirms-quotas",{"_uid":547,"date":548,"tags":549,"editor":559,"content":569,"excerpt":672,"featured":51,"reporter":673,"_editable":677,"component":678,"seo_title":543,"categories":679,"visibility":685,"author_company":49,"data_vis_image":686,"featured_image":690,"seo_description":672,"author_full_name":49,"author_job_title":49,"formattedDate":693,"formattedArticleDate":694},"b1f9b03d-6141-4151-be47-cdb7be99244b","2025-01-28 00:00",[550,553,556],{"slug":551,"name":552},"data-visualisation","Data Visualisation",{"slug":554,"name":555},"indonesia","Indonesia",{"slug":557,"name":558},"nickel-prices","Nickel prices",[560],{"slug":561,"name":562,"content":563},"matthew-bird","Matthew Bird",{"job_title":564,"image":565,"bio":567,"linkedin":568},"Senior Editor - Supply Chains & Data Visualisation",{"filename":566},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":570,"content":571},"doc",[572,579,584,589,598,603,610,615,620,625,632,647,652,657,662,667],{"type":573,"attrs":574,"content":575},"paragraph",{"textAlign":49},[576],{"text":577,"type":578},"Nickel prices on the London Metal Exchange (LME) recovered after the Indonesian government announced lower nickel ore mining quotas for 2025.","text",{"type":573,"attrs":580,"content":581},{"textAlign":49},[582],{"text":583,"type":578},"Prices peaked at $15,850 per tonne on 21 January 2025, having been at $15,000 at the start of the month, marking a 6% rise.",{"type":573,"attrs":585,"content":586},{"textAlign":49},[587],{"text":588,"type":578},"Though rumours had circulated of the quota being as low as 150 million tonnes earlier in January, the final figure is closer to 200 million. ",{"type":573,"attrs":590,"content":591},{"textAlign":49},[592],{"type":593,"attrs":594},"image",{"id":49,"alt":595,"src":596,"title":49,"source":49,"copyright":49,"meta_data":597},"","https://a.storyblok.com/f/287943243085208/53f2cbddaf/bm-lme-nickel-prices-show-signs-of-recovery2x.png",{},{"type":573,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":578},"Indonesian government officials indicated they want to maintain nickel metal prices between $16,000 and $18,000 per tonne to sustain profitability whilst attracting investment into nickel-based cathodes.",{"type":573,"attrs":604,"content":605},{"textAlign":49},[606],{"type":593,"attrs":607},{"id":49,"alt":595,"src":608,"title":49,"source":49,"copyright":49,"meta_data":609},"https://a.storyblok.com/f/287943243085208/9f175cb4f8/bm-indonesian-nickel-exports-rise-amidst-tightening-ore-quotas2x-5-1331944a87d8.png",{},{"type":573,"attrs":611,"content":612},{"textAlign":49},[613],{"text":614,"type":578},"The movement, however, has not affected nickel prices for battery chemicals. Benchmark’s nickel sulphate EXW China and MHP CIF Asia prices have remained mostly flat over January as both sulphate and cathode producers go offline for the Spring Festival. ",{"type":573,"attrs":616,"content":617},{"textAlign":49},[618],{"text":619,"type":578},"“Given that Chinese nickel sulphate prices, for the most part, have decoupled from the LME since 2022, it is unlikely that short term fluctuations in the metal price will affect nickel sulphate prices,” said Spencer Ingall, price analyst at Benchmark.",{"type":573,"attrs":621,"content":622},{"textAlign":49},[623],{"text":624,"type":578},"“However, with the majority of Chinese nickel sulphate being produced from Indonesian MHP, a reduced refining capacity may balance the oversupplied sulphate market, providing price support for struggling Chinese sulphate refiners,” he added. ",{"type":626,"attrs":627,"content":629},"heading",{"level":628,"textAlign":49},4,[630],{"text":631,"type":578},"What impact will Indonesia’s nickel quotas have?",{"type":573,"attrs":633,"content":634},{"textAlign":49},[635,637,645],{"text":636,"type":578},"In 2024, Indonesian ",{"text":638,"type":578,"marks":639},"imports of nickel ore from the Philippines",[640],{"type":641,"attrs":642},"link",{"href":643,"uuid":49,"anchor":49,"target":49,"linktype":644},"https://source.benchmarkminerals.com/article/nickel-market-faces-uncertainty-amid-indonesias-mining-quota-adjustments?_branch_match_id=1544411867858305395&utm_source=facebook&utm_medium=share&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0rNS87ITSzKzs3MSy1KzCnWSywo0MvJzMvWD3XycUwPMS3OD0yyrytKTUstKsrMS49PKsovL04tsnXOKMrPTQUAI5kFHkgAAAA%3D","url",{"text":646,"type":578}," rose 24-fold between January and October, as local refiners sought to sustain output. Imports from the Philippines, as well as New Caledonia, will likely continue to offset some of the losses.",{"type":573,"attrs":648,"content":649},{"textAlign":49},[650],{"text":651,"type":578},"As well as importing ore, miners could opt to tap higher nickel grades or utilise existing stockpiles.",{"type":573,"attrs":653,"content":654},{"textAlign":49},[655],{"text":656,"type":578},"The estimated shortfall means it is likely there will be a cut to refined nickel production unless the quota is expanded from current levels. Mining quotas were revised throughout 2024, so adjustments for 2025 remain possible.",{"type":626,"attrs":658,"content":659},{"level":628,"textAlign":49},[660],{"text":661,"type":578},"Why has Indonesia placed quotas on nickel ore production?",{"type":573,"attrs":663,"content":664},{"textAlign":49},[665],{"text":666,"type":578},"A feature of the Work Plan and Budget (RKAB), Indonesia’s nickel ore production quotas were introduced in 2023 to curb illegal mining, improve environmental standards, and ensure responsible resource management amid concerns over premature resource depletion.",{"type":573,"attrs":668,"content":669},{"textAlign":49},[670],{"text":671,"type":578},"The quotas are provided on a company-specific basis and consider resource-reserve estimates as well as sustainability and logistics considerations.","Nickel prices on the London Metal Exchange (LME) recovered after the Indonesian government announced lower nickel ore mining quotas for 2025. Prices peaked at $15,850 per tonne on 21 January 2025, having been at $15,000 at the start of the month, marking a 6% rise. Though rumours had circulated of the quota being as low […]",[674],{"slug":561,"name":562,"content":675},{"job_title":564,"image":676,"bio":567,"linkedin":568},{"filename":566},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"b1f9b03d-6141-4151-be47-cdb7be99244b\", \"id\": \"\"}-->","article",[680,683],{"slug":681,"name":682},"critical-minerals","Critical Minerals",{"slug":684,"name":150},"nickel","private",{"id":49,"alt":595,"name":595,"focus":595,"title":595,"source":595,"filename":687,"copyright":595,"fieldtype":688,"meta_data":689,"is_external_url":51},"https://res.cloudinary.com/benchmarkminerals/images/f_auto,q_auto/v1738059326/www-production/Indonesian-nickel-exports-rise-amidst-tightening-ore-quotas@2x-3_1331928129ad/Indonesian-nickel-exports-rise-amidst-tightening-ore-quotas@2x-3_1331928129ad.png?_i=AA","asset",{"alt":595,"title":595,"source":595,"copyright":595},{"id":49,"alt":595,"name":595,"focus":595,"title":595,"source":595,"filename":691,"copyright":595,"fieldtype":688,"meta_data":692,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/e2fc7a6dc0/bm-collage-prices-6.png",{"alt":595,"title":595,"source":595,"copyright":595},"Jan 28, 2025","28th January 2025",[],[],1780932585117]