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Infographic: Who is winning Indonesia's nickel value chain as downstream logistics costs and margins rebalance in H2?

Indonesia's H2 nickel winners are the state and the operators that keep ore, power and port access inside the same chain.

July 23, 2026·31 words·1 min

Industry Economy

Original article: Who is winning Indonesia’s nickel value chain as downstream logistics costs and margins rebalance in H2?

Infographic showing Indonesia's nickel margin hierarchy with global output share, a logistics cost shock, a tighter 2026 ore quota ceiling, Weda Bay's initial quota limit, and Vale's reduced approval level — State pricing power and integrated park access are outlasting the early-H2 cost shock.