The Indonesian government is conducting a comprehensive evaluation regarding the termination of permits for the RKEF smelters which make products in the form of ferronickel and nickel pig iron, a mining ministry official said on Tuesday.

PT Shuoshi Indonesia Investment, a company based in Morowali Regency, successfully completed its first export of ferronickel to Zhapu, China.

On May 20th, the APNI released INPI Index.

On April 29th, the APNI released INPI Index.

On April 22th, the APNI released INPI Index.

On April 15th, the APNI released INPI Index.

On April 8st, the APNI released INPI Index.

Macquarie said that the cost of producing low-grade nickel pig iron (NPI) in China will be the key to determining nickel prices. Nickel prices on the London Metal Exchange (LME) are down 45% in 2023 and are under further pressure.