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The Indonesian Government Raises Nickel Prices by 1.31% in the Second Period of March 2026

Erlina Fury Santika 31/03/2026 19:00 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$17,329.23 per dry metric ton in the second period of March 2026.

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

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

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The Ministry of Energy and Mineral Resources (ESDM) has set Indonesia’s nickel benchmark price at US$17,329.23 per dry metric tonne (dmt) for the second period of March 2026.

The price rose slightly by 1.31% from the first period of March 2026, which stood at US$17,103.67 per dmt.

The benchmark price was determined through the Decree of the Minister of Energy and Mineral Resources No. 124.K/MB.01/MEM.B/2026 on Benchmark Prices for Metallic Minerals and Coal for the First Period of February 2026, issued on March 13, 2026.

Nickel RKAB

According to Katadata, the Ministry of Energy and Mineral Resources is targeting the completion and approval of all work plans and budget proposals (RKAB) from coal and nickel companies by the end of March 2026.

“We are pushing continuously. The target remains the end of March, but both companies and the government must stay active. If they are not active, it will not be possible to meet the target,” said Director General of Minerals and Coal Tri Winarno at the Ministry of ESDM on Tuesday (March 17, 2026).

Latest information indicates that the Ministry of ESDM has confirmed the approved nickel production quota in the 2026 RKAB at 150 million tons. Director General of Minerals and Coal Tri Winarno stated that the formal approval process for mineral and coal RKAB is still ongoing.

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 Raises Nickel Prices by 1.31% in the Second Period of March 2026

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