Nickel Industries Faces New Policy Headwind in Indonesia -- Market Talk

Dow Jones

Mar 12, 2025

2130 GMT - Heightened geopolitical and policy instability has eroded Jefferies's confidence in Nickel Industries's earnings visibility and growth outlook. Indonesia has proposed changes to its royalty structure that would drive a 15% decrease in long-term earnings from Nickel Industries's current projects, the bank estimates. The policy shift hasn't been legislated yet. Still, consultations follow changes in onshore earnings retention for 12 months from March 1, and the lowering of nickel ore mining quotas to 200 million tons from 240 million tons in 2024, analyst Mitch Ryan says. "We reinstate a 20% risk discount to net present value to account for rising macro uncertainty, heightened geopolitical and policy instability," Jefferies says. Its price target falls 19% to A$0.65/share. Nickel Industries ended Tuesday at A$0.605. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 11, 2025 17:30 ET (21:30 GMT)

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Indonesia has proposed changes to its royalty structure that would drive a 15% decrease in long-term earnings from Nickel Industries's current projects, the bank estimates. The policy shift hasn't been legislated yet. Still, consultations follow changes in onshore earnings retention for 12 months from March 1, and the lowering of nickel ore mining quotas to 200 million tons from 240 million tons in 2024, analyst Mitch Ryan says. \"We reinstate a 20% risk discount to net present value to account for rising macro uncertainty, heightened geopolitical and policy instability,\" Jefferies says. Its price target falls 19% to A$0.65/share. Nickel Industries ended Tuesday at A$0.605. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 11, 2025 17:30 ET (21:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nickel Industries Faces New Policy Headwind in Indonesia -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNickel Industries Faces New Policy Headwind in Indonesia -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-12 05:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2130 GMT - Heightened geopolitical and policy instability has eroded Jefferies's confidence in Nickel Industries's earnings visibility and growth outlook. Indonesia has proposed changes to its royalty structure that would drive a 15% decrease in long-term earnings from Nickel Industries's current projects, the bank estimates. The policy shift hasn't been legislated yet. Still, consultations follow changes in onshore earnings retention for 12 months from March 1, and the lowering of nickel ore mining quotas to 200 million tons from 240 million tons in 2024, analyst Mitch Ryan says. \"We reinstate a 20% risk discount to net present value to account for rising macro uncertainty, heightened geopolitical and policy instability,\" Jefferies says. Its price target falls 19% to A$0.65/share. Nickel Industries ended Tuesday at A$0.605. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 11, 2025 17:30 ET (21:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NIC.AU","symbol_name":"Nickel Industries Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2518770013","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518770013","pubTimestamp":1741728600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2130 GMT - Heightened geopolitical and policy instability has eroded Jefferies's confidence in Nickel Industries's earnings visibility and growth outlook. Indonesia has proposed changes to its royalty structure that would drive a 15% decrease in long-term earnings from Nickel Industries's current projects, the bank estimates. The policy shift hasn't been legislated yet. Still, consultations follow changes in onshore earnings retention for 12 months from March 1, and the lowering of nickel ore mining quotas to 200 million tons from 240 million tons in 2024, analyst Mitch Ryan says. \"We reinstate a 20% risk discount to net present value to account for rising macro uncertainty, heightened geopolitical and policy instability,\" Jefferies says. Its price target falls 19% to A$0.65/share. Nickel Industries ended Tuesday at A$0.605. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NIC.AU":"Nickel Industries Ltd","BK7095":"多种金属与采矿"},"translate_title":"印尼镍业面临新政策阻力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIC.AU":0.9},"content_text":"2130 GMT - Heightened geopolitical and policy instability has eroded Jefferies's confidence in Nickel Industries's earnings visibility and growth outlook. Indonesia has proposed changes to its royalty structure that would drive a 15% decrease in long-term earnings from Nickel Industries's current projects, the bank estimates. The policy shift hasn't been legislated yet. Still, consultations follow changes in onshore earnings retention for 12 months from March 1, and the lowering of nickel ore mining quotas to 200 million tons from 240 million tons in 2024, analyst Mitch Ryan says. \"We reinstate a 20% risk discount to net present value to account for rising macro uncertainty, heightened geopolitical and policy instability,\" Jefferies says. Its price target falls 19% to A$0.65/share. Nickel Industries ended Tuesday at A$0.605. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 11, 2025 17:30 ET (21:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}