Indonesian Nickel Surplus Affects Global Market, Australian BHP’s Pause in Nickel Operations Signals Continued Price Decline
The global nickel ore market has struggled with severe oversupply issues, significantly impacting nickel prices and related industries. Indonesian government has introduced several policies to boost domestic nickel mining and smelting, leading to rapid increases in production. However, this rapid growth has resulted in an oversupply in the market, causing a declin…