Jakarta, July 11 -- Indonesia's Energy and Mineral Resources (ESDM) Ministry announced on Friday that it will not grant any comprehensive additions to the national nickel production quota.

The move is part of a deliberate strategy to shield global commodity prices from collapsing due to oversupply, though exceptions will be carved out strictly for domestic smelters facing immediate raw material deficits.

"There will be no increase for nickel, except to catch up on smelters that are still short of supply," the ministry's Director General of Minerals and Coal Tri Winarno said in Jakarta.

He stated that any quota increases authorized to stabilize raw material supply for domestic smelters will not be significant.

The primary objective of ...