All eyes on Jakarta: a deep dive into the 2026 nickel regulatory shakeup

Indonesia's nickel sector is in the middle of its most significant regulatory shakeup in years. The Prabowo administration has introduced a series of sweeping policy changes that are reshaping how nickel is mined, priced, and exported — driven by a combination of fiscal pressure and a determination to capture more value from Indonesia's dominant position in global supply. This report breaks down every major policy measure introduced in 2026: what each one does, why it was introduced, who bears the cost, and what the implementation timeline looks like. It also explains the broader political and economic context driving the changes — and what the industry's response signals about the state of investor confidence.