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Indonesia, a major nickel producer supplying 60% of global output, faces potential production cuts due to shipping disruptions in the Gulf, where 75% of its sulfur imports originate. Nickel prices have surged over 30% recently, driven by increased demand and production delays.

The Canada Nickel Company continues to develop its Crawford project in Ontario, while PT Vale Indonesia intends to revise its 2026 production quotas. Indonesia is also enhancing its nickel processing capabilities to meet EV battery demands, although competition from LFP batteries is reshaping market dynamics, necessitating a diversified approach to nickel production and processing.