On February 26th, the APNI released INPI Index.

A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply.

SLN, the New Caledonia nickel producer controlled by mining group Eramet, said on Monday it was running at reduced capacity after an electrical incident over the weekend caused a local power cut.

Workers at a Tsingshan Holding Group plant in Indonesia staged a demonstration and demanded new working conditions after an explosion on Sunday that killed at least 19 people.

The death toll from a fire at an Indonesian nickel smelter has risen to 18 as of Tuesday from 13 on Sunday, local police said, while operations at the smelter remain suspended as authorities investigate the cause of the incident.

Russian mining and metals giant Nornickel has raised its global nickel surplus estimate for the current year due to lower than expected consumption in the battery sector, the company said in a market report.

Global nickel production will outpace demand to the tune of 239,000 metric tons next year, according to the International Nickel Study Group (INSG).

The global nickel market had a surplus of 11,900 metric tons in May, compared with a surplus of 13,900 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on Tuesday.