Wood Mackenzie argues that it appears the mining industry is erring on the side of indecision.

The dispute relates to taxes paid by Oyu Tolgoi LLC, Rio Tinto’s unit, between 2013 and 2015.

The global nickel market recorded a supply-demand surplus of 108,000 tonnes last year and is on track to record another 45,000-tonne surplus this year.

Antam's nickel ore output stood at 2.64 million wet metric tonnes (WMT) in the first quarter, up from 629,000 WMT in the same period in 2020.

MSC accounts for about 7% of global supplies estimated at around 330,000 tonnes last year.

Purchases in the world’s second-biggest consumer jumped 37% in the January to March period.