World’s Biggest Nickel Mine in Indonesia Told to Slash Output | The Pulse 2/11/2026

The world’s biggest nickel mine in Indonesia has been told to drastically cut output, as the country seeks to boost global prices of its biggest export commodity. Bloomberg understands that PT Weda Bay Nickel has been notified it will receive 12 million tons of ore production quota this year, down from 42 million tons in 2025. The company says it intends to apply for a revision. Nickel climbed last month after Indonesia flagged plans to cut mine output. The metal is used in both stainless steel and electric-vehicle batteries.

Today’s guests: Nannette Hechler Fayd’herbe, Lombard Odier, EMEA CIO; Francisco Blanch, Bank of America, Head of Global Commodities & Derivatives Research

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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse
00:00:28 – Focus turns to delayed US jobs report
00:03:10 – Nannette Hechler-Fayd’Herbe, Lombard Odier EMEA CIO
00:12:27 – Bitcoin whales buying again
00:14:53 – Commerzbank raised profit outlook fails to sway investors
00:17:51 – Costa: EU needs to unite their markets
00:23:15 – Wednesday headlines
00:23:46 – Ten dead after shooting in Canada
00:24:07 – Trump tariffs face rebuke as Johnson fails to block vote
00:24:25 – Netanyahu: Will discuss Iran, Gaza with Trump
00:27:13 – Francisco Blanch, BOFA Head of Global Commodities Research
00:35:35 – TotalEnergies cuts buyback as profit slips on lower oil
00:38:40 – Dassault Systemes growth outlook disappoints
00:39:00 – Siemens Energy books record order on power boom
00:41:57 – Heineken cuts up to 6,000 jobs amid beer slump
00:44:30 – Wall Street dumps stocks at risk of AI disruptions
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