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Nickel Loses $70 On Pressure From Indonesian Supreme Court
Nov. 05, 2012 10:28AM PST
Base Metals Investing
Reuters reported nickel prices fell $70 to $15,900 following a decision by the Indonesian supreme court to lift the ban on export of unprocessed minerals.
Reuters reported nickel prices fell $70 to $15,900 following a decision by the Indonesian supreme court to lift the ban on export of unprocessed minerals.
As quoted in the market news:
Three-month aluminium closed at $1,906 per tonne in rings from $1,925 at the close on Friday, and nickel at $15,900 from $15,970.
The two metals were pressured by a decision by the Indonesian supreme court to scrap a May 6 government ban on the export of unprocessed minerals, including nickel ores and bauxite.