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Indonesia and China to Decrease Nickel Production Amid Sinking Demand for Electric Vehicle Metal

Asia Financial LogoAsia Financial1w ago

 Indonesia and China to Decrease Nickel Production Amid Sinking Demand for Electric Vehicle Metal - Asia Financial

Quick Summary:

China and Indonesia account for 70% of global supplies of nickel, but producers in the countries have become unprofitable after the battery metal shed more than 80% of its price since last year

The post Indonesia, China to Cut Nickel Output as EV Metal Loses Sheen appeared first on Asia Financial.

Nickel prices had surged in 2022, peaking at a record above $100,000 after expectations of reduced supplies from major producer Russia following its invasion of Ukraine.


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Article Details

Author / Journalist: Vishakha Saxena

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-12 @ 11:44:50 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 20045215

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About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

Year Established: 1990

Headquarters: Hong Kong

News Last Updated: 1 days ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #86

Publisher Details

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  • URL: https://beamstart.com/news/indonesia-china-to-cut-nickel-17077401488586

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