Glencore Sees Nickel Price Rising on Global Supply Shortage

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  • ‘We believe we’ve seen the bottom,’ Kenny Ives says in Jakarta
  • World deficit seen reaching around 100,000 tons this year

Glencore Plc, the commodities trader and miner, expects nickel prices to climb through 2018 as demand outstrips supply, assuming Indonesia continues its policy of curbing ore exports and encouraging local processing.

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