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20 Mar
07:23

Nickel prices fall back from highs

Nickel prices in Shanghai and London entered a downward trajectory earlier this week on expectations of more supply from Indonesia, Kallanish notes. Market players say Indonesia will accelerate its approval process of mining quotas. On Tuesday, a senior Indonesian mining ministry official said the country had issued 152.62 million tonnes of nickel ore mining quotas, compared with 145mt by the end of February. Bambang Suswantono, acting director general of mineral…
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