Nickel continues its rally after Indonesia confirmed that the country will push ahead with a ban of exports of nickel ore from the end of December. The price of nickel broke important resistance zone above 16000 USD per tonne and is the highest since September 2014. Additionally, nickel stockpiles in Shanghai Exchanges dropped by 15% this week and global inventories are the lowest since 2013.
Nickel surges 7% as on an export ban
Aug 30, 2019