Global Nickel Market Faces Uncertain Future as Indonesia Cuts Output ...Middle East

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Global Nickel Market Faces Uncertain Future as Indonesia Cuts Output
source : OILPRICE ( Middle East ) () 58
Via Metal Miner The Stainless Monthly Metals Index (MMI) remained sideways, retreating by a modest 2.64% from December to January. All of the index’s components trended lower, weighed down by bearish nickel prices throughout the month. Indonesia to Address Nickel Supply Glut Indonesia is currently eyeing substantial output cuts after nickel prices descended beneath the $15k/mt mark. High supply and lower-than-expected demand conditions saw nickel prices languish to an over 4-year low in early January. Mostly slow but steady price declines…

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