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NMDC reportedly pauses planned nickel entry, partly over Indonesia oversupply concerns
Reuters cites two company officials on NMDC's reported pause; the miner did not respond to its request for comment.
TLDR
Two officials told Reuters that Indian state-run miner NMDC has put its planned entry into nickel on hold, partly over oversupply concerns in Indonesia. Reuters reports that the International Nickel Study Group forecast a slight global nickel surplus for 2026. India relies chiefly on imports to meet nickel demand; an official also described NMDC's interest in Russian nickel assets and supply. NMDC did not respond to Reuters' request for comment.
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