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Nickel price hikes new record high of recent 4 months

16 Jul 2019 16:37 reported by Alex Lo

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LME basic metals future goods went up and down, and the nickel price had hiked to a new record of recent 4 months.

According to the media reports, Indonesia government reaffirm the ban of iron ore would be effective in 2020, there were only 5 years when Indonesia lift the ban, besides Philippines government also started the 6 months investigation on mining industry recently.

Philippines mining committee would go on a second-round investigation and it would take 6 months and 17 mines were involved.

According to the rules, during the investigation, the mining operation would be as usual, which meant the impact of nickel supply was still normal.

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