Indonesia curbing nickel supply to support locals, Eramet says
The French miner was this year given a sales quota by the Asian nation that was 29% less than it expected.
Bloomberg reported that orders to draw nickel from stockpiles monitored by the London Metal Exchange rose to the highest level since April 2011 on gains in Singapore and Rotterdam. Nickel orders, or canceled warrants, jumped 25% to 8,676 tonnes, the