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Nickel prices jump in volatile Asian trade amid fears of Indonesia ore ban

The metal used to make stainless steel hit a 16-month high last Thursday before shedding 2.1% on Friday

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Nickel Prices | Nickel | Indonesia

Reuters 

London nickel prices rose sharply in volatile Asian trade early on Monday as speculation continued that key producer Indonesia is about to bring forward a ban on mineral ore exports that was previously set to start in 2022. The metal used to make stainless steel hit a 16-month high last Thursday before shedding 2.1 per cent on Friday. Jakarta is discussing bringing forward the ban but no decision has been made on such a move, Indonesia's trade minister, Enggartiasto Lukita, said on Friday. Three-month nickel on the London Metal Exchange rose as much as 3.8% to $16,145 a ...

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First Published: Mon, August 12 2019. 08:27 IST
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