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

Posted on December 17, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

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.