(Adds detail and background) Oct 7 (Reuters) – The International Nickel Study Group on Tuesday forecast a nickel market surplus of 209,000 metric tons for 2025, increasing to 261,000 tons in 2026. Global demand for nickel is expected to increase to 3.82 million tons in 2026 versus 3.60 million in 2025, the INSG said. At the same time, global output of nickel is expected to rise from 3.81 million tons in 2025 to 4.09 million in 2026, the Lisbon-based group said. Indonesia, the world’s leading nickel producer, has stepped up efforts to control its mining sector, including delaying the issuance of mining permits (RKABs), seizing lands that lack forestry permits, and sanctioning companies over missing reclamation and post-mining guarantees, the report said. However, the impact on nickel feed h

See Full Page