Tag: nickel smelter capacity indonesia
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LME nickel prices fall w-o-w as macro pressures offset supply concerns
Indonesian RKAB speculation lifts prices earlier in week Hawkish signals from Fed eventually drag prices lower Nickel prices on the London Metal Exchange (LME) declined in the week ended 6 March. Prices briefly strengthened earlier in the week amid market speculation over tighter RKAB (annual work plan and budget) approvals for Indonesian nickel ore producers…