Nickel Extends Drop After Indonesia Delays Clarifying Output Cut

Nickel Extends Drop After Indonesia Delays Clarifying Output Cut

(Bloomberg) — Nickel fell further from a 19-month high after Indonesia did not provide details on output cuts that had earlier fueled a sharp rally.

Nickel hits 15-month high as Indonesian production stalls

Mining giant Vale is awaiting a key government permit in the South-East Asian nation. But the price spike will deliver little reprieve for Australian producers.

Nickel price rallies after Indonesian mine pause

Nickel prices have climbed above US$18,700 a tonne after a major Indonesian miner halted production, as majority of Western Australia's battery metals mines remain on ice.