JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) has opened its voice regarding the possibility of cutting the issuance of nickel Work Plans and Budget (RKAB) in 2025.
Minister of Energy and Mineral Resources Bahlil Lahadalia said that his party is currently reviewing the total domestic nickel needs.
By evaluating this need, he said, the government can determine exactly how much RKAB for nickel commodities will be approved.
"I and the Director General of Mineral and Coal and a team from the ministry are still reviewing the total need for nickel. From the total need for nickel Then we can see how much the RKAB is," said Bahlil, quoted on Monday, January 6.
Bahlil added that this study was carried out so that the balance between production and industrial needs could be maintained so that nickel prices were stable.
With excessive nickel production, he said, it could disrupt nickel prices in the international market.
"Don't let the RKAB be given more, but the absorption in the industry is not appropriate," continued Bahlil.
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He admitted that the Ministry of Energy and Mineral Resources did not want to ratify the RKAB in a jor-joran manner so that it could affect nickel production and have an impact on falling nickel prices in the world market.
"So don't let us get the best in the RKAB, the price is good. But if the price drops then we give RKAB a lot, then it drops again," said Bahlil.
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