Reported about 1 month ago
Indonesia anticipates that nickel prices will stabilize within the range of $15,000 to $16,000 per ton due to the introduction of new production facilities that are set to increase supply. Despite the growing demand from the electric vehicle sector, the country is on track to produce an additional 928,000 tons of nickel annually within three years. However, concerns over declining ore quality and potential supply issues are prompting the government to review its mining policies and tax incentives for foreign investments.
Source: YAHOO