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Nickel Producer Halts Plant Ramp-Up on Indonesian Water Shortage
Source: Bloomberg
Commodities & Raw MaterialsNatural Disasters & WeatherTrade Policy & Supply Chain
Nickel Industries halted the ramp-up of an Indonesian processing plant because of water shortages linked to an El Niño-driven drought. The disruption threatens nickel output in Indonesia, the world’s largest producer, creating a potential supply-side headwind for the global nickel market and the company’s production growth.
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