At the moment, the nickel market is moving very quickly in just one direction. On the 10th April, for the first time in ages, it moved above the USD 17,000.00/mt level, closing for the day at USD 17,226.00/mt for the three months price. The fundamental push behind this development is clear: the export ban for Indonesian nickel ore. This is hardly surprising when the nickel content of all Indonesian mining production for 2013 was 775,000 tons, which corresponds to around 40% of world production of refined nickel. Of these 775,000 tons, according to statistics, about....
Oryx Stainless is one of the leading companies trading in raw materials for the stainless steel production.
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