Big short squezze coming now..13 smelter closures in indonesia over night

Subject: Nickel (WSA, IGO) - Supply side curtailments in Indonesia overnight.
FYI,

Thirteen Indonesian nickel smelters (NPI facilities), including some still in construction, halted operations after prices slumped below the production cost of at least $9,000 a ton ($US$4.10), said an official at the Indonesian Processing and Refining Industry Association. The units have a capacity of 750,000 tons. Others (12 more smelters) continue to operate but at a loss … (Indonesian Smelter Association).