The London Metal Exchange (LME) said on Friday it had received an new application to list a Chinese nickel brand, as it seeks to boost liquidity in its nickel contract.
Reserves of high-grade nickel ore in top producer Indonesia may be depleted in around six years, a miners¡¯ association has warned, risking shortages of the material used to make stainless steel.
Mining group Eramet on Thursday reduced sharply its forecast for nickel ore production from its flagship Indonesian mine this year, citing a slowdown in permit approvals.
The United States will roll over its suspension of tariffs on European Union steel and aluminum if the two sides need more time to agree on measures to address overcapacity and low-carbon production, the US ambassador to the EU said on Wednesday.