Shares of nickel producers listed on the Indonesia Stock Exchange (IDX) mostly closed in red on Monday (Jan 29) as nickel moved in narrow range on the London Metal Exchange (LME). Nickel was settled at US$16,538 per ton on LME Monday, representing 42.32% fall year-on-year due to significant increase in supply from Indonesia. In the short-medium term, the commodity might not be able to gain much because more new capacities will enter commercial operation this year.To subscribe please click here
