Nickel's Price Plunge: Indonesian Dominance Shakes Global Markets

Via Metal Miner   When the story of global nickel prices is written for 2024, Indonesia and China will undoubtedly be the main characters. This is not only due to the former country’s high production output but also alleged violations of environmental rules and poor labor practices, which Indonesia has consistently denied.  Indonesia is numero uno in global nickel production, accounting for 51% of the world’s total mine production. The country also sits on 42% of total global reserves. Because of this, it’s been a major…