Nickel Industries says IMIP producers to coordinate output cuts

Coordinated output cuts at IMIP mark a shift from individual adjustments to collective supply management, a notable development for nickel markets where Indonesia dominates. The focus on MHP and NPI signals producers are targeting both EV battery chemicals and stainless steel feedstock, affecting battery supply chains and nickel pricing. With Nickel Industries holding a minority stake in Huayue, its exposure is indirect but reflects broader pressure on producers. The open question is whether such coordination is implemented and sustained, given the lack of a specified percentage and the voluntary nature of the reported plans.