What Indonesia's dominance means for nickel in 2024

Indonesia is limiting nickel capacity through mining quotas, but what impact will this have on the market in 2024? Benchmark nickel analyst Jorge Uzcategui examines the latest developments.
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00:00 - How has the delayed approval of Indonesian mining quotas impacted the nickel market?
02:34 - How much additional nickel supply is Indonesia expected to bring onstream in 2024?
03:40 - How much of this supply is destined for the battery industry?
05:25 - What is the outlook for nickel for the rest of 2024?

[@andrewdewit4711]

In other words, Chinese-dominated production is growing at the expense of others, notwithstanding increasing policy agreements aimed at “derisking” nickel and other critical mineral supply chains….and the ESG goals also seem more difficult, given the environmental impacts of HPAL…

[@adohmnail6445]

Unfortunately, there is little to no environmental standards in Indonesia. Promoting their projects, which are known to dump waste into the water, is not great. Even removing ESG as a standard and just common sense would show us that the world needs to look to their jurisdictions.

[@ABBZ120]

While I agree, corporations don’t really seem to care about the wider environmental impact of their supply chains, they mostly greenwash. If Indonesia is cheap or is able to fill demand the money will keep flowing