Update on Indonesia Nickel quotas

mysteel.net/news/511119…

Ministry of resources (ESDM) targets 10-15% output reduction this year.

I have updated at 15% in my model this week after confirmation that they go ahead with 255 M tons of ore quotas.

The gives me a projected deficit of 115k tons for the year of Nickel metal worldwide consistent with a price appreciation year on year.

NB: I see a news in Petromindo (petromindo.com/news/art…) mentioning explicit target of 19-20k$ for Nickel by the government but cannot access the article.