nickel fundamentals-Nickel smelters suffer with production boom

The effects of a government regulation permitting the extension of mineral concentrate exports continue to hit the nickel industry hard, with more than a dozen nickel pig iron smelters halting operations due to low global prices.


Global nickel prices on the London Metals Exchange (LME) initially hit US$9,660 per ton immediately after the regulation was issued in January. Prices declined.


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