World’s Biggest Nickel Mine in Indonesia Told to Cut Output
Source: AFP/Getty Images
The world’s biggest nickel mine in Indonesia has been told to slash output, as authorities step up efforts to boost global prices of the battery metal.
PT Weda Bay Nickel has been notified it will receive 12 million tons of ore production quota this year, down from 42 million tons in 2025, according to people familiar with the matter. Nickel futures jumped in London following the news.