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Nickel prices have remained stable this year at $15 000 to $16 000 per ton

Indonesia's nickel miners' association APNI on Friday urged the government to ensure mining quotas continue to be valid for three years to maintain a consistent business climate, rather than reverting to a single year as planned.

ASX-listed junior Legacy Minerals has lodged an exploration licence application (ELA6901) over the Nico Young nickel/cobalt deposit in New South Wales (NSW) – a resource containing about one-million tonnes of nickel and 100 000 t of cobalt.

The International Nickel Study Group (INSG) on Thursday forecast a nickel market surplus of 198 000 metric tons for 2025.

Nickel Asia Corp. is in talks to unload its minority stake in a key processing plant to Japan’s Sumitomo Metal Mining Co. as the Philippines’ top producer of the metal focuses on upstream mining and renewable energy businesses.

Average daily volumes at the London Metal Exchange (LME), the world’s largest and oldest metals forum, gained 18% to 664,698 lots in 2024 with nickel volumes surging by 59%, the exchange said on Tuesday.

On January 6th, the APNI released INPI Index

Indonesia is reviewing its annual nickel ore mining quota, seeking to prevent further price falls, Energy and Mineral Resources Minister Bahlil Lahadalia told reporters on Friday.