The ongoing energy crisis has forced smelters in China and Europe to curb production. Indonesian nickel producers are aiming to ramp up production as prices inch higher. Many feel that Indonesian companies have a golden opportunity on their hands, especially after the LME’s March nickel squeeze. Experts anticipate that nickel prices will remain sluggish for the foreseeable future. After the LME’s (London Metal Exchange) nickel squeeze and because of the war in Ukraine, global supply continues to drop. Adding to these problems are expectations that Indonesia’s current nickel surge will further affect nickel price direction. September and October are typically high points for annual nickel purchases , but the metal could face a rocky road going into Q4. Indonesian Production and its Impact on Nickel Prices In the beginning of September, MetalMiner commented that Nickel prices began rising at the beginning of the month. This seemed to indicate the […]