Nickel Jumps As Indonesian Output Cut Stokes Supply Fears
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Source: Zero Hedge
Published: 2026-05-20 02:05 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Europe, Economy & Finance, Financial Markets, Business & Economy, Asia Pacific
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Snippet:
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.
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