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Nickel Gains After Indonesia Cuts Quota for World’s Biggest Nickel Mine

Nickel climbed on Thursday, after Indonesia sharply cut this year's mining quota for PT Weda Bay Nickel, the world's biggest mine for the critical mineral. The most-active nickel contract on the Shanghai Futures Exchange SNIcv1 climbed 2.49% to 140,570 yuan ($20,366.86) a metric ton as of 0250 GMT. The Shanghai contract surged ...

By Reuters

Leading from the “Global Middle”: China’s Bid to Host the New Ocean Treaty
Fishermen conduct abalone management and protection operations at sea in the waters of Xiaocheng Town, Lianjiang County, Fuzhou City, Fujian Province, China, on March 14, 2026. (Photo by Costfoto/NurPhoto) (Photo by CFOTO / NurPhoto / NurPhoto via AFP)
"China's financial commitments are simply more tangible and easier to grasp than those of Europe," one delegate from an island state remarked to me on a bright spring day in late March, as we both gazed out at the East River from the United Nations Headquarters. Behind us, in airless ...

Nickel Gains After Indonesia Cuts Quota for World’s Biggest Nickel Mine

Nickel climbed on Thursday, after Indonesia sharply cut this year's mining quota for PT Weda Bay Nickel, the world's biggest mine for the critical mineral. The most-active nickel contract on the Shanghai Futures Exchange SNIcv1 climbed 2.49% to 140,570 yuan ($20,366.86) a metric ton as of 0250 GMT. The Shanghai contract surged ...
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