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China Nickel Makers Said to Weigh Output Cuts to Fight Rout

  • Producers including Jinchuan said to plan meeting in Shanghai
  • Nickel is worst performer in London this year amid world glut
Updated on

Nickel makers in China including Jinchuan Group Co., the country’s largest supplier of refined metal, plan to gather on Friday to discuss measures to respond to the lowest prices in 12 years, including possible cuts to supply, according to people with knowledge of the event.

The meeting in Shanghai will also include representatives from nickel pig iron makers including Tsingshan Holding Group Co., according to the people, who declined to be identified because the planned gathering is private. There’s not any guarantee yet that action will be agreed, according to the people.