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Nickel Drops After Report Indonesia to Lift Quota for Major Mine

Bloomberg Markets Thursday 06 August 2026, 04:27 UTC By Annie Lee 1 min read
Key Points

Commodities Nickel Drops After Report Indonesia to Lift Quota for Major Mine Nickel fell to the lowest level since mid-July on renewed speculation that Indonesia will grant a higher ore-production quota to one of the country’s largest mines, potentially boosting supplies. The metal sank as much as 2.1% to $16,750 a ton in London. The miner is set to get an additional ore quota of “tens of millions” of tons for the second half, Shanghai Metals Market said, without identifying the producer.

Commodities Nickel Drops After Report Indonesia to Lift Quota for Major Mine Nickel fell to the lowest level since mid-July on renewed speculation that Indonesia will grant a higher ore-production quota to one of the country’s largest mines, potentially boosting supplies. The metal sank as much as 2.1% to $16,750 a ton in London. The miner is set to get an additional ore quota of “tens of millions” of tons for the second half, Shanghai Metals Market said, without identifying the producer.
Nickel Drops (ORG) Major Mine Commodities Nickel Drops (ORG) Indonesia (LOCATION) London (LOCATION) Shanghai Metals Market (ORG)
Originally published by Bloomberg Markets Read original →

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