With one month to go, Indonesia ban has nickel on knife’s edge
With record ore and metal stockpiling in anticipation of supply disruptions, if Indonesia's January 1 ban proves a damp squib, nickel prices could tumble again.
With record ore and metal stockpiling in anticipation of supply disruptions, if Indonesia's January 1 ban proves a damp squib, nickel prices could tumble again.
Positive coverage of its copper-nickel-precious metal project sees PolyMet surging 17% on Tuesday bringing its gains since Friday to 43%.
Nickel price up 5% in October as Indonesia stays firm on 2014 unprocessed mineral and metal export ban.
Roots of the expected tie-up go back to 2006.
World's largest nickel and palladium producer will get rid of projects in Finland, Australia, Botswana and South Africa.
Agreement with Hong Kong based MMG Limited (HK: MMG).
Watch a fiery ball of nickel get dumped into a bowl of black snake fireworks.
Standard Bank says "it is hard to make a case for the nickel price to move well above the marginal cost producer, which we put currently around $17,000mt."
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