Tag: nickel market reaction

APNI launches Indonesia Metals Exchange to set domestic nickel prices

Jul 31, 2024

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by

Neha TU

in Nickel, Non Ferrous, Stainless Steel

In a strategic move to establish local price benchmarks, the Indonesian Nickel Miners Association (APNI) is launching the Indonesia Metals Exchange (IME) in 2025. This initiative aims to reduce Indonesia’s reliance on international benchmarks like the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). As the world’s leading nickel exporter with substantial reserves,…