B · Normal
[Indonesia’s expected production cuts push nickel prices above US$16,000 per ton] On October 21, nickel prices on the London Metal Exchange rose by 2.7% to exceed US$16,000 per ton, continuing the rise since hitting a nine-month low last Thursday. Executives at major nickel producers are considering cutting output at their Indonesian operations, which include factories that make key raw materials for batteries. Relevant companies tried to reach an agreement on production cuts in August this year, but failed.
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