Nickel Loses $70 On Pressure From Indonesian Supreme Court

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.

Click here to read the full Reuters report.