Indonesian Nickel Producers Stocks Advance

Dec. 21, 2011 03:22PM PST

Bloomberg reported nickel producers stocks rose as the Jakarta Composite index also rose 1.1 percent to 3,794.27.

As quoted in the market news:

Nickel producers: PT International Nickel Indonesia (INCO) , the nation’s biggest producer of the metal, advanced 1.7 percent to 3,050 rupiah. PT Timah (TINS) , Indonesia’s largest tin producer, rose 1.2 percent to 1,670 rupiah. Nickel futures gained 2.6 percent to $18,865 a metric ton in London yesterday and tin added 1.6 percent to $19,000 a ton.

Click here to read the full Bloomberg report.