B · Normal
[Indonesia’s largest nickel industrial park may reduce production by as much as 40% as El Niño causes water supply shortages] On September 2, due to the drought caused by the El Niño phenomenon, water supply to the smelters in Indonesia’s largest nickel industrial park has been restricted, and the park may have to cut production by as much as 40%. Potential production cuts could help stem declines in global nickel prices. Nickel prices on the London Metal Exchange have fallen by about 17% since their highs in early May.
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