Nickel Gains After Indonesia Seizes Part of Giant Tsingshan Mine

The Weda Bay Industrial Park and surrounding area in Central Halmahera, North Maluku, Indonesia.
Photographer: Yasuyoshi Chiba/AFP/Getty Images

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By Eddie Spence

September 12, 2025 at 2:10 AM UTC

Updated on

September 12, 2025 at 7:00 PM UTC

Nickel rose after Indonesia seized part of a giant mine semi-owned by top Chinese producer Tsingshan Holding Group Co., underlining risks to ore output in the world’s largest supplier.

A government task force on Thursday took control of about 148 hectares of the operation owned by PT Weda Bay Nickel — the world’s largest mine for the battery metal — over an alleged permit violation. France’s Eramet SA, one of the company’s shareholders, has said it sees no impact on operations at this stage.