Glencore Reduces Stake in Trimegah Bangun Persada (NCKL) through Multiple Transactions

Significant Sale Details

Glencore International Investment Ltd, a Swiss-based global mining and commodity trading company, has reduced its shareholding in PT Trimegah Bangun Persada Tbk (NCKL), also known as Harita Nickel. The reduction was executed through multiple transactions on the Indonesia Stock Exchange. The first transaction occurred on December 29, 2025, where Glencore sold 3.28 million shares at Rp 1,129 per share, amounting to Rp 3.71 billion.

Market Implications

This sale marks a notable change in Glencore's investment stance in NCKL, a significant player in Indonesia's nickel production landscape. The transaction not only reflects Glencore's strategic adjustment but also highlights the dynamic nature of investment in Indonesia's mining sector.

Company Background

PT Trimegah Bangun Persada Tbk (NCKL) is a prominent nickel producer operating in Indonesia. The company has been a significant beneficiary of the growing demand for nickel, particularly for its use in electric vehicle batteries and stainless steel production. Glencore, as a major investor, has been closely associated with NCKL's operations and growth trajectory.