Global Nickel Market Convulsed as Top Shipper Sees Mine Failings

  • Philippines says 11 mines pass, further 20 facing suspension
  • Nickel erases loss after government presents audit’s findings

The Philippines said three-quarters of its mines fell short in an audit of the top nickel producer, with 20 mines facing suspension unless they can respond to shortcomings within days, on top of the 10 already halted. Nickel went on a switchback ride, flipping from losses to a six-week high.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.