Category: Nickel
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LME nickel prices decline over 2% w-o-w amid rising Indonesian supply concerns
Nickel inventories remain elevated on LME Eramet restarts operations at Weda Bay mine LME three-month nickel prices dropped this week by 2.5% w-o-w at around $16,415/t as of 11 September, compared with $16,760/t a week earlier. Nickel prices came under pressure amid rising LME inventories, expectations of higher Indonesian supply and cautious downstream demand. The…