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The Indonesian government has raised the reference price of nickel by up to 8% as of February 2026.

Erlina Fury Santika 04/02/2026 08:00 WIB

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The data from the Ministry of Energy and Mineral Resources shows that the reference price of nickel in Indonesia is US$17,774 per dry metric ton in the first period of February 2026. This is a signifi

The Reference Price of Nickel in Indonesia (January 2024 - February 2026)

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The Reference Price of Nickel in Indonesia (January 2024 - February 2026)

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The Ministry of Energy and Mineral Resources (ESDM) has set Indonesia’s nickel benchmark price at US$17,774 per dry metric tonne (dmt) for the first period of February 2026.

The price jumped sharply by 8.2% compared with the end of January 2026, when it stood at US$14,666.67 per dmt.

The benchmark price set at the beginning of February marks the highest level since July 2024, as shown in the chart.

This benchmark price was established through the Decree of the Minister of Energy and Mineral Resources of the Republic of Indonesia (Kepmen ESDM) No. 47.K/MB.01/MEM.B/2026 on Benchmark Prices for Metallic Minerals and Coal for the First Period of February 2026, issued on 29 January 2026.

Nickel Records the Highest Investment Value in the Mineral Sector in 2025

The Investment Coordinating Board / Ministry of Investment and Downstreaming (BKPM) reported that realized investment in Indonesia’s mineral and coal sector reached Rp373.1 trillion throughout 2025.

This investment value came from both domestic investment and foreign direct investment (FDI).

Of the total, nickel was the largest contributor, with an investment value of Rp185.2 trillion.

Nickel was followed by copper, bauxite, iron and steel, tin, and other mineral commodities.

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."

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The Indonesian government has raised the reference price of nickel by up to 8% as of February 2026.

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The Indonesian government has raised the reference price of nickel by up to 8% as of February 2026.

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