* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, October 21, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture Meets Entertainment in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture Meets Entertainment in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Indonesia Eyes “Critical Mineral Agreement” With U.S. For Nickel Exports

October 16, 2023
in News
Indonesia Eyes “Critical Mineral Agreement” With U.S. For Nickel Exports
Share on FacebookShare on Twitter

Falling nickel prices affect the stainless steel industry, with declining surcharges and service centers struggling due to full inventories and low demand.
Surplus supply is expected in 2024, with the delta between nickel demand and production widening, influencing market sentiment.
Indonesia aims to negotiate a trade deal with the U.S. to capitalize on its role as a leading global nickel producer, potentially benefiting from “green subsidies” for nickel exports in the EV battery supply chain.

Via Metal Miner

Nickel prices remained decidedly bearish throughout October, experiencing the largest monthly decline amongst base metals. Indeed, prices fell over 7% to their lowest level since October 2021. 

Overall, the Stainless Monthly Metals Index (MMI) continued to decline, dropping 5.74% from September to October.

Stainless Mills Scramble For Orders

After data from the World Stainless Association showed a 0.9% decline in stainless steel melt shop production during H1, by Q4, the stainless market remains bleak. Nonetheless, domestic mills continue to hold firm on base prices, despite competitive import pricing. The stainless 304 surcharge remains bearish, however, amid declining nickel prices.

Service centers continue to scramble for orders. September appeared to skip the expected seasonal pickup, as inventories remain relatively full. This, combined with low demand and a falling surcharge, has left service centers and end users reluctant to purchase beyond their immediate needs.

As the end of the year approaches, most companies will likely look to reduce their inventories. Although mills are expected to maintain base prices, this could translate to higher transactional discounts throughout the remainder of 2023.

2024 Surplus to Weigh on Nickel Prices

An expected surplus next year continues to paint a bearish fundamental outlook amid falling nickel prices. According to the International Nickel Study Group (INSG), 2024 will see the third consecutive year of excess supply. While the INSG expects both demand and production to increase, the delta between the two is also likely to expand. Following a 104,000-ton surplus in 2022, forecasts show supply will outpace demand by 223,000 tons in 2023 and 239,000 tons in 2024. 

Amid Indonesia’s rising position within the global nickel market, most of the surplus in 2023 and 2024 will benefit Class 2 nickel. This is opposed to LME deliverable Class 1 nickel. And while LME inventories remain below where they stood at the start of the year, they nonetheless appeared to find a bottom in August and have subsequently increased by over 16% to where they stand today in mid-October.

As a result, the rising supply has left investors with a negative outlook for nickel prices. According to data from the LME, total investor positioning remained net short by early October. The delta between long and short positions appeared even wider for investment funds, whose large positions share gives them significant influence over price direction. Although nickel prices began to move sideways during the first half of October, the bearish market bias likely means the risk remains to the downside for nickel prices and, thus, the stainless surcharge.

Amid Nickel Boom, Indonesia Vies For Trade Deal with U.S.

Meanwhile, rising supply and the significant expansion in downstream investments have left Indonesia as the leading global producer within the overall nickel market. Amid the global push toward EVs, the archipelago, which boasts the largest global nickel reserves, now hopes to negotiate a trade deal with the U.S. This would allow Indonesia to capitalize on its assets and their use in EV batteries. 

The United States Inflation Reduction Act requires a proportion of minerals used in EV batteries to be produced or assembled in North America or a free trade partner. According to a recent Reuters report, Indonesian President Joko Widodo stated, “Indonesia invites the U.S. to discuss the formation of the Critical Mineral Agreement.” Such a plan could allow nickel exports to receive “green subsidies,” which benefit pricing and the supply chain into the U.S. as the Biden administration continues to roll out its renewable spending.

While it remains unclear if or when a trade agreement will be reached, in a bilateral meeting, Vice President Harris noted that the U.S. will continue to work with Indonesia to secure “critical minerals required to expand our clean energy economies.”

By Nichole Bastin

More Top Reads From Oilprice.com:

Low Natural Gas Demand Helps Europe Boost InventoriesAirlines: Plan To Phase Out EU Fossil Fuel Subsidies Would BackfireGeopolitical Volatility Sends Gas Prices Soaring

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : OilPrice – https://oilprice.com/Metals/Commodities/Indonesia-Eyes-Critical-Mineral-Agreement-With-US-For-Nickel-Exports.html

Tags: criticalIndonesianews
Previous Post

Norway To Drop ‘Petroleum’ From Energy Ministry’s Name

Next Post

U.S. Additions Of Natural Gas Power Capacity Rise In 2023

Rethinking Growth In A Broadening Economy – Seeking Alpha

Rethinking Growth In A Broadening Economy – Seeking Alpha

October 21, 2025
Hetzel Design: blending architecture and entertainment – Blooloop

Hetzel Design: Where Architecture Meets Entertainment in Perfect Harmony

October 21, 2025
Study suggests earlier start of hormone therapy optimizes long-term health outcomes – News-Medical

Starting Hormone Therapy Sooner May Boost Long-Term Health Benefits

October 21, 2025
Some States With Democratic Governors Are Posting Partisan Shutdown Messages on Official Websites – The New York Times

Some States with Democratic Governors Feature Partisan Shutdown Messages on Official Websites

October 21, 2025
Revisiting Pope Francis’ Call for ‘Ecological Conversion’ – Sojourners

Pope Francis’ Powerful Appeal for a Global Ecological Awakening

October 21, 2025
PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

October 21, 2025
An update from Riane Eisler, author of “The Chalice and the Blade,” on achieving peace. – Psychology Today

An update from Riane Eisler, author of “The Chalice and the Blade,” on achieving peace. – Psychology Today

October 21, 2025
We live in a sailboat and travel the world full-time… but our lifestyle isn’t as glamorous as you’d think – Daily Mail

Living Full-Time on a Sailboat and Traveling the World: The Reality Behind the Glamour

October 21, 2025
3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

October 21, 2025
This Week in Navy Sports Presented by Navy Federal Credit Union – Naval Academy Athletics

Thrilling Moments from This Week in Navy Sports

October 21, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (878)
  • Economy (900)
  • Entertainment (21,771)
  • General (17,717)
  • Health (9,941)
  • Lifestyle (912)
  • News (22,149)
  • People (900)
  • Politics (910)
  • Science (16,110)
  • Sports (21,399)
  • Technology (15,879)
  • World (882)

Recent News

Rethinking Growth In A Broadening Economy – Seeking Alpha

Rethinking Growth In A Broadening Economy – Seeking Alpha

October 21, 2025
Hetzel Design: blending architecture and entertainment – Blooloop

Hetzel Design: Where Architecture Meets Entertainment in Perfect Harmony

October 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version