Sentiment : 6BloombergS&P Global Platts
Despite strong demand for battery metals, overall global nickel prices are facing downward pressure due to continued high volumes of nickel pig iron (NPI) from Indonesia entering the market. Sentiment : 8Jakarta PostFinancial Times
Several High-Pressure Acid Leaching (HPAL) projects in Indonesia have come online or are nearing completion, significantly increasing the country's capacity for producing battery-grade nickel and drawing more foreign direct investment into the EV supply chain. Sentiment : 4.5Environmental Defense FundThe Guardian
NGOs and international bodies are increasing pressure on Indonesia to address the environmental impact of nickel mining, particularly regarding waste management and deforestation, potentially leading to stricter environmental regulations.