According to Indonesian Business News, Cecep Mochammad Yasin, director of mineral business development at the Indonesian Ministry of Energy and Mineral Resources, said that Huayou Cobalt, Harita Nickel, and Aoyama Holding Group plan to cut nickel production next year. Cecep was quoted as saying that Huayou plans to cut its production in southeast Sulawesi by 50%, while Harita Nickel and Aoyama Holdings are preparing similar production cuts. The report said that the move was aimed at dealing with the global oversupply of nickel and supporting nickel prices.

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