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Indonesia is expected to continue to strictly control work plans and budget production quotas for major mineral resources such as coal and nickel to avoid overproduction and prevent falling prices in the international market. Indonesia's energy minister said nickel prices are falling due to excess production. According to government data, nickel production has reached 113% of this year's target, while downstream nickel-iron processing and consumption has now only completed 66% of the target.
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Indonesia is expected to continue to strictly control work plans and budget production quotas for major mineral resources such as coal and nickel to avoid overproduction and prevent falling prices in the international market. Indonesia's energy minister said nickel prices are falling due to excess production. According to government data, nickel production has reached 113% of this year's target, while downstream nickel-iron processing and consumption has now only completed 66% of the target.
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