China's NPI prices elevated on fears of nickel ore undersupply from Indonesia

The Indonesian government last week stopped issuing new nickel ore mining quotas amid an anti-corruption investigation, which triggered fears over long-term supply of nickel ores and led to a jump in nickel pig iron (NPI) and ore prices in the week ended Friday August 18.

It was the fifth consecutive week of gains for China's NPI prices, with fresh spot liquidity heard within the new range. Three deals were heard at 1,150 yuan, 1,160 yuan...


Dylan Duan

August 21, 2023

11:30 GMT