#Chinese #Nickel producers agree to slash output

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#China’s #Nickel producers said on Friday they plan to slash output of refined metal and #NickelPigIron (#NPI), the first major coordinated move in the industry globally to lift prices out of their worst slump in more than a decade.

In an open letter, eight producers, including state-owned #Jinchuan Group Co Ltd, said they will cut production by 15,000 tonnes of metal next month and reduce their output next year by at least 20 percent from this year.
Read more at Reuters: http://www.reuters.com/article/2015/11/27/china-nickel-idUSL3N13M3CD20151127#MwxrBlFMf28ei36O.99

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