Nickel’s outright price on the LME rocketed to an intraday high of $17,900 per tonne at midday this afternoon, its highest level since September 2014, while the spike occurred with under 5,000 lots exchanged at the time.
The ban is scheduled to now take effect at the end of this year, according to a statement issued by Indonesia’s Energy and Mineral Resources ministry spokesman Agung Pribadi to Bloomberg.
“I’m looking at my screens as we speak trying to figure out just how far...
