Indonesia's Strategic Shift: Easing Coal and Nickel Production Quotas
Indonesia considers relaxing production quotas for thermal coal and nickel if prices remain high. Energy Minister Bahlil Lahadalia suggests adjusting production plans based on market conditions. The country's current quotas aim to support prices by cutting output, with the potential for revisions as needed.
- Country:
- Indonesia
Indonesia, the leading global producer of thermal coal and nickel, is contemplating a strategic easing of its production quotas for these resources, contingent on sustained high market prices.
Energy Minister Bahlil Lahadalia stated on Wednesday that the nation may apply a 'measured relaxation' to its production plans, aligning with market demand and supply dynamics.
The move follows Indonesia's broader strategy of reducing mining output across various minerals to stabilize pricing. This includes a reduction in coal output to 600 million metric tons and setting the nickel ore production quota lower than industry demand.
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