Indonesia weighs deep cuts to nickel mining to boost prices, Bloomberg reports

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Indonesia is weighing deep cuts to nickel mining quotas and is looking at lowering the amount of ore mined next year to as low as 150 million tons from 227 million this year, Bloomberg News reported on Thursday, as the country seeks to support prices.

"The state must be present to maintain supply and demand.

Discussions about the size of the potential cut are ongoing within the government, the report said, citing people familiar with the matter.

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Category: EconomyBusiness

Markets: SingaporeIndonesiaPhilippines

Topics: Experience Year Nickel Support Supply Mediacorp Mining Demand Indonesia Million Prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 19:05:46 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 260 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24548210

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