Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Indonesia reports news of reduced nickel pig iron production, causing nickel prices to surge

Indonesia reports news of reduced nickel pig iron production, causing nickel prices to surge

金十金十2026/05/19 09:12
Show original
```htmlGolden Ten Data reported on May 19 that Indonesia, the largest nickel producer, will further cut production, causing nickel prices to soar in response. According to reports, 10% to 15% of high-grade nickel pig iron (NPI) capacity in the Indonesia Weda Bay Industrial Park will undergo staggered maintenance over the next few months. This news led the London Metal Exchange (LME) nickel futures to surge by 2.6%, reaching $19,050 per ton. The report noted that due to reduced ore supply and high costs, some NPI production used for stainless steel has already been cut since March and April. Additionally, the reallocation of power resources to new aluminum capacity has intensified this situation.```
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

On the eve of a competitor’s $106 billion IPO, Musk says: SpaceX (SPCX.US) Starlink must be affordable for Indians

Elon Musk has promised that Starlink’s pricing in India will be affordable, initiating a price war with Jio, which is planning an IPO with a valuation of 106 billions USD.

智通财经•2026/10/12 00:41

Nvidia (NVDA.US) plans to use "acquisition-style hiring" to secure Reflection AI: first investing 800 millions, then bypassing regulation by buying talent instead of the company.

Nvidia is in talks to increase its investment in or acquire Reflection AI, which has a pre-investment valuation of 25 billion USD. The acquisition may take the form of an acqui-hire to bypass regulatory scrutiny.

智通财经•2026/10/12 00:27

AI halo fading and foreign capital accelerating departure, South Korea’s stock market has shifted from the world’s strongest to the world’s weakest

Once the world's hottest destination for AI-related trading, the South Korean stock market is now experiencing a sharp cooling. While the Kospi led global gains in the first half of the year, it has since dropped 22% in the second half, becoming the worst-performing major index globally. Foreign investors have withdrawn $131 billions so far this year, with trading volume plummeting 70% from its peak, and retail investors’ leveraged capital has also shrunk significantly. Samsung Electronics saw a nearly ninefold surge in quarterly profits, yet its stock price declined. Meanwhile, several institutions have shifted to increase their allocations to the Taiwan stock market.

华尔街见闻•2026/10/12 00:26