China and Indonesia are killing the nickel market, flooding it with cheap laterite production they make into nickel chemicals suitable for batteries. The nickel price fell 45% last year and there hasn’t been much improvement so far in 2024.
Some of the largest nickel producers are closing mines. Indonesia is promising to keep ramping up production keeping supplies adequate and prices low.
China and Indonesia are killing the nickel market, flooding it...
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| Last trade - 16.12pm 21/05/2024 (20 minute delay) ? |
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0.000 ( 2.63 %) |
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| Last updated 14.25pm 21/05/2024 ? | |||||
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