However, he also points out that such restrictions could undermine investor confidence. If seen as government intervention in the market, these measures may cause concerns among investors who could perceive it as a threat to market stability.

The Director General of Mineral and Coal at ESDM, Tri Winarno, has indicated that the government is considering production limits to prevent an oversupply of nickel and maintain high market prices. He mentioned that the geopolitical tensions globally make this strategy more relevant. However, he did not provide specific details regarding when these restrictions would be enforced.

Meanwhile, Deputy Minister of ESDM Yuliot Tanjung refrained from confirming or denying the rumored production cut. He mentioned that the ministry would first review the production plans submitted by mining companies before making any decisions.

He also emphasized that the government would continue its nickel downstreaming program to ensure that domestic industries have adequate access to the material while increasing its added value in the country. (Uki Ruknuddin)

YouTube player