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Nickel scales 14-month high after PT Vale halts mining
January 05, 2026
|Business World Philippines
NICKEL rose to its highest in more than 14 months on Friday after Vale's Indonesia operation suspended mining activities while aluminum began the New Year by crossing the $3,000 mark for the first time since 2022.
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Three-month nickel on the London Metal Exchange (LME) rose as much as 1.8% to $16,950, the highest since October 2024, as funds covered short positions. It was trading up 0.9% at $16,785 as of 1700 GMT.
PT Vale Indonesia Tbk was unable to carry out mining operations because of a delay in approval for its annual production plan, it said in a stock market filing.
هذه القصة من طبعة January 05, 2026 من Business World Philippines.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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