INCO - Halts Operations Pending RKAB Approval

INCO - Halts Operations Pending RKAB Approval PT Vale Indonesia Tbk. (INCO) has temporarily suspended all mining operations within its Special Mining Business License (IUPK) area as of 2 January 2026. The decision follows the absence of an approved 2026 Work Plan and Budget (RKAB) from the relevant authorities. The suspension will remain in effect until the RKAB is officially granted. (Source: Bisnis) Comment: The temporary halt at INCO comes amid strengthening nickel price environment, supported by Indonesia’s plan to cut national nickel ore production in 2026 to rebalance global supply-demand. If RKAB approval is obtained in a timely manner, INCO could benefit from tighter supply conditions and improved price momentum, limiting the overall earnings impact.