Nickel Jumps As Indonesian Output Cut Stokes Supply Fears

Nickel Jumps As Indonesian Output Cut Stokes Supply Fears Nickel prices on the London Metal Exchange surged as much as 2.6% to $19,050 a ton after Shanghai Metals Market said upwards of 15% of high-grade nickel pig iron capacity at Indonesia's Weda Bay Industrial Park will undergo rotational maintenance in the coming months, according to Bloomberg. Indonesia's Weda Bay Industrial Park is one of the most important nickel-processing hubs in the world and serves a large cluster of...

By Tyler Durden