Jakarta, Nov. 2 -- Indonesia's Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia called on nickel producers to curb production volumes to help stabilize international prices.

Speaking at the opening of the 2026 Mineral and Coal Convention and Exhibition in Jakarta on Monday, Bahlil pointed directly to Indonesian overproduction as a primary driver behind depressed global prices, which have dipped below the US$16,000 threshold to hover around US$15,000 per ton.

"I ask our colleagues in the (nickel) mining and industrial sector to exercise some restraint," Bahlil stated, highlighting a current global oversupply of approximately 800,000 tons.

To combat the surplus and realign international supply with demand, Bahlil has instruc...