Indonesia's Nickel Reference Price Falls 10.68% in August 2024

Erlina Fury Santika 20/08/2024 08:33 WIB

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Indonesia's Ministry of Energy and Mineral Resources (ESDM) sets the benchmark price for nickel at US$16,812.73 per dry metric ton (dmt). This represents a 10.68% decrease from July 2024.

Indonesia Nickel Reference Price (August 2023 - August 2024)

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Indonesia Nickel Reference Price (August 2023 - August 2024)

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The Indonesian Ministry of Energy and Mineral Resources (ESDM) set the Indonesian nickel reference price at US$16,812.73 per dry metric tonne (dmt) in August 2024.

This figure represents a significant 10.68% decrease from July 2024, when the price was US$18,823.86 per dmt.

Compared to the year-to-date (YTD) average, the August 2024 reference price is up 2.71% from January 2024's US$16,368.86 per dmt.

However, compared to the same period last year (year-on-year/YoY), the August 2024 reference price fell by 18.63% from August 2023's US$20,663.86 per dmt.

This reference price was established through Indonesian Minister of Energy and Mineral Resources Decree (Kepmen ESDM) Number 195.K/MB.01/MEM.B/2024 concerning the Reference Price for Metal Minerals and Coal for August 2024, issued on August 12, 2024.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."