Tag: Weda Bay nickel supply risks

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…