* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, August 22, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    What Are Our Predictions for Taylor Swift’s ‘Life of a Showgirl’ Based on What She’s Told Us So Far? – yahoo.com

    Uncover the Hidden Surprises in Taylor Swift’s ‘Life of a Showgirl’ – Can You Decode Her Clues?

    Bama Dining Serving Up New Food, Entertainment – UA News Center

    Bama Dining Launches Thrilling New Food and Entertainment Experiences

    The latest on Williams-Brice Stadium renovations, entertainment district – On3

    Discover the Thrilling New Upgrades Coming to Williams-Brice Stadium and Its Vibrant Entertainment District!

    1000+ Entertainment Leaders Release Open Letter Criticizing TIFF’s Handling of Film – Creative Community for Peace

    1000+ Entertainment Leaders Release Open Letter Criticizing TIFF’s Handling of Film – Creative Community for Peace

  • 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
    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Denver man receives pacemaker using new technology – CBS News

    Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    YSU to celebrate launch of new radiology technology program – WKBN.com

    YSU Launches Exciting New Radiology Technology Program Celebration

    Thaddeus Stevens College of Technology kicks off return to school for Lancaster County colleges [photos] – LancasterOnline

    Thaddeus Stevens College of Technology Kicks Off an Exciting New School Year for Lancaster County Colleges [Photos]

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    What Are Our Predictions for Taylor Swift’s ‘Life of a Showgirl’ Based on What She’s Told Us So Far? – yahoo.com

    Uncover the Hidden Surprises in Taylor Swift’s ‘Life of a Showgirl’ – Can You Decode Her Clues?

    Bama Dining Serving Up New Food, Entertainment – UA News Center

    Bama Dining Launches Thrilling New Food and Entertainment Experiences

    The latest on Williams-Brice Stadium renovations, entertainment district – On3

    Discover the Thrilling New Upgrades Coming to Williams-Brice Stadium and Its Vibrant Entertainment District!

    1000+ Entertainment Leaders Release Open Letter Criticizing TIFF’s Handling of Film – Creative Community for Peace

    1000+ Entertainment Leaders Release Open Letter Criticizing TIFF’s Handling of Film – Creative Community for Peace

  • 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
    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Denver man receives pacemaker using new technology – CBS News

    Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    YSU to celebrate launch of new radiology technology program – WKBN.com

    YSU Launches Exciting New Radiology Technology Program Celebration

    Thaddeus Stevens College of Technology kicks off return to school for Lancaster County colleges [photos] – LancasterOnline

    Thaddeus Stevens College of Technology Kicks Off an Exciting New School Year for Lancaster County Colleges [Photos]

    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

The United States’ Biggest Vulnerability in the Trade War: Its Knowledge Economy – World Politics Review

The United States’ Greatest Weakness in the Trade War: Its Knowledge Economy

August 22, 2025
How to watch ‘F1: The Movie’ on Prime Video – About Amazon

Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

August 22, 2025
Willis Knighton Health in Louisiana joins Mayo Clinic Care Network – Mayo Clinic News Network

Willis Knighton Health Teams Up with Mayo Clinic Care Network to Elevate Patient Care in Louisiana

August 22, 2025
Focus on the Family James Dobson’s harsh Christianity changed GOP politics – MSNBC News

Focus on the Family James Dobson’s harsh Christianity changed GOP politics – MSNBC News

August 22, 2025

Sliteye Shark Discovered in Remote Indian Ocean – environment coastal & offshore

August 22, 2025
Summary of the 2025 GEDI Science Team Meeting – NASA Science (.gov)

Summary of the 2025 GEDI Science Team Meeting – NASA Science (.gov)

August 22, 2025
Hamilton to Launch Collegiate Science and Technology Entry Program – Hamilton College

Hamilton Unveils Exciting New Science and Technology Entry Program for College Students

August 22, 2025
Dating App Burnout Is Real But It Doesn’t Have to Be Your Reality, Love Bites with Lifestyle Coach Francesca Luca – WATD 95.9 FM

Beat Dating App Burnout: Expert Tips to Keep Your Love Life Thrilling with Lifestyle Coach Francesca Luca

August 22, 2025
Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

August 22, 2025
Closing the monetization gap in women’s sports: A $2.5 billion opportunity – McKinsey & Company

Closing the monetization gap in women’s sports: A $2.5 billion opportunity – McKinsey & Company

August 22, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
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 (784)
  • Economy (805)
  • Entertainment (21,684)
  • General (16,612)
  • Health (9,845)
  • Lifestyle (817)
  • News (22,149)
  • People (806)
  • Politics (814)
  • Science (16,017)
  • Sports (21,303)
  • Technology (15,785)
  • World (785)

Recent News

The United States’ Biggest Vulnerability in the Trade War: Its Knowledge Economy – World Politics Review

The United States’ Greatest Weakness in the Trade War: Its Knowledge Economy

August 22, 2025
How to watch ‘F1: The Movie’ on Prime Video – About Amazon

Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

August 22, 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