#Nickel Producers Hammered in #Indonesia as Metal Price Slumps 40%

The chief executive officer of one of the biggest producers, a #Chinese-#Indonesian venture called #Tsingshan #Bintangdelapan Group, says with output costs at $10,000 to $11,000 a metric ton, he’s making a $2,000 loss on every ton of #Nickel he ships. While CEO Alexander Barus thinks prices will recover, he says plans for new #Smelters will be put on hold if rates stay where they are now.

Read more at: http://www.bloomberg.com/news/articles/2015-12-17/nickel-producers-hammered-in-indonesia-as-metal-price-slumps-40-

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