NMDC puts nickel foray on hold on global oversupply concerns, sources say
State-run NMDC has paused its planned entry into nickel, citing oversupply concerns in Indonesia, which accounts for more than 60% of global production. The decision comes as the global market is expected to remain in surplus through 2026. NMDC had also explored Russian nickel assets and supply arrangements with Nornickel.
The Economic Times ·