Concerns in New Caledonia over nickel price

There is concern in New Caledonia over the slump in nickel prices and the sharp drop of the share value of Glencore, which is a key stakeholder in the Koniambo nickel plant.

Glencore has lost about 15 billion US dollars in recent weeks and it is uncertain if it will fund major repairs of a furnace at Koniambo.

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