The Indonesian Nickel Mining Association (APNI) has spoken out about the government's plan to reduce nickel ore production by evaluating the 2025 Work Plan and Cost Budget (RKAB). The APNI Secretary General said that the production cut will push up global nickel prices. An analysis by Macquarie Group's global nickel analyst indicates that if Indonesia reduces nickel ore production to 150 million tons, global nickel prices will rise from the current US$15,000-16,000 per ton to US$20,000 per ton. In 2024, Indonesia's nickel ore production reached 2.9849 billion tons; in 2023, production was nearly 200 million tons, actually 175.617183 million tons. In 2023-2024, Indonesia's nickel production accounted for 65% of the global nickel market. The global market for nickel products was "flooded" in 2023-2024, mainly due to a 30% increase in refined nickel production such as Mixed Hydroxide Precipitate (MHP) and nickel matte. As of 2023, Indonesia's total nickel ore resources reached 18.550358128 billion tons, with metallic nickel at 184.606736 million tons; nickel ore reserves were 5.325790841 billion tons, with metallic nickel reserves at 56.117187 million tons