Nickel tycoon plans new plant to avoid future LME short squeezes
Tsingshan is building a plant in Sulawesi, Indonesia, to produce 50,000 tonnes of refined nickel a year.
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Tsingshan is building a plant in Sulawesi, Indonesia, to produce 50,000 tonnes of refined nickel a year.
CNGR will invest in a facility to produce nickel matte with an installed capacity of 80,000 tonnes in a park managed by Antam.
The metal price jumped by its 15% daily limit after an unconfirmed report about a blast at a nickel plant in Indonesia.
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