Are INCO and Peers Set to Soar as Nickel Prices Rally?
Nickel prices surge as Indonesia cuts output quota, boosting prospects for miners like INCO and ANTM. Analysts upgrade outlooks amid rising demand.
(Bisnis.Com) 01/01/70 07:00 133516
Bisnis.com, JAKARTA — As the government slashed nickel output quota to 260–270 million tons this year, prices of the key metal used in battery have been climbing steadily. The question now is how the policy shift will shape the outlook for listed nickel miners such as INCO, ANTM, MDKA, and their peers.
The 2026 nickel production quota under the Work Plan and Budget (RKAB) has been set at 260–270 million tons, sharply lower than the 379 million tons approved for 2025.
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