Low-Cost Nickel from Indonesia is Flooding The Market ...Middle East

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Low-Cost Nickel from Indonesia is Flooding The Market
source : OILPRICE ( Middle East ) () 64
Via Metal Miner   The global nickel mining industry is under stress, and the primary reason is an oversupply of low-cost nickel from Indonesia. Moreover, this constant supply continues to support a major global surplus, placing downward pressure on the nickel price. At this point, the Southeast Asian nation has already cornered more than half of the world’s supply of this critical metal. Indonesia’s ascent as the leading player in the global nickel industry, leveraging Chinese capital and innovation, proved remarkable. In fact,…

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