Nickel Prices May Soon Recover From Indonesia-Induced Slump
The Southeast Asian nation’s massive supply has suppressed the global market, but the metal might be in for a rally.
Excavators in a pit at a nickel mine in Central Sulawesi, Indonesia.
Photographer: Dimas Ardian/BloombergWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Indonesia-based reporter Eddie Spence asks whether the country’s beatdown of global nickel prices is set for a reversal. To get this newsletter sent to your inbox, sign up here.
The mood in the global nickel industry should be somber right now following last year’s massive price slump. That’s not the case for miners in Indonesia.