Indonesia sets 2025 nickel ore mining quota at around 200 million tonnes
The country's nickel ore output last year was 215 million tonnes.
At a time of scarcity in everything from crude oil to copper to corn, nickel is heading for the biggest glut in four years, driving prices lower into 2012.
Next year’s surplus will rise to 60,000 metric tons from 12,000 tons in 2011, making nickel the most oversupplied metal relative to output or use, according to Bank of America Merrill Lynch, the most-accurate forecaster tracked by Bloomberg over two years.