Tag: nickel oversupply challenges

Indonesian govt seizes Tsingshan’s Weda Bay mine land Weak US dollar, strong inflation trend support prices Nickel futures on the London Metal Exchange (LME) closed at $15,345/t on 12 September, marginally higher than last week’s $15,280/t. LME warehouse inventories rose 4% w-o-w to 225,084 t against 215,418 t. Prices started weaker but recovered mid-week, supported…