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Nickel notches two-week high as Indonesia cracks down on trader
Nickel jumped to its highest level in two weeks on Thursday after top producer Indonesia said it would clamp down on companies linked to a major ore trader, adding to concerns over tightening supply of the metal. Benchmark three-month nickel on the London Metal Exchange was up 2.2% to $16,125 a metric ton as of 1010 GMT, having earlier climbed as much as 3% to $16,255, its highest since October 22. On the Shanghai Futures Exchange, the most traded nickel contract closed up 5.3% at 122,550 yuan ($18,375) a ton — also a two-week high — after its biggest daily leap since January. Indonesia’s fore...
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