Trade and tariff analytics
2026-04-26
11 minute read
18 sources
Indonesia nickel 2026: Prabowo downstream, the HPAL ramp, and the FEOC corridor
Indonesia mined roughly 1.8 million tonnes of nickel in 2024, about half the world total, and now sets the global cost curve for both class one and class two. Prabowo, Bahlil, and Danantara have inherited a Chinese anchored downstream that has to clear the United States Inflation Reduction Act foreign entity of concern test and the European Union Critical Raw Materials Act on a 2026 to 2030 calendar.
United States Geological Survey Mineral Commodity Summaries January 2025 placed Indonesian mined nickel at 1.8 million tonnes for 2024 against a global total of about 3.7 million, with reserves of 55 million tonnes. The 2014 Mineral and Coal Mining Law and Ministry of Energy and Mineral Resources Regulation 11 of 2019 closed nickel ore ex...