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

Shareholders of Merafe Resources are advised that the European benchmark ferrochrome price for the fourth quarter of 2023 has been settled at 153 US cents per pound, an increase of 1.32% from the third quarter of 2023.

The company and Indonesian energy and mineral resources ministry could not be reached for comment.

Integrated steelmaker Cliffs and electric arc furnace (EAF) competitor Nucor were both said to be offering at $750/st.

Vale is a major global producer of iron ore, copper and nickel.

The company and Indonesian energy and mineral resources ministry could not be reached for comment.

Quench and tempered and normalized plate pricing both stayed flat at $2,385/st and $1,730/st, respectively.

Vale is a major global producer of iron ore, copper and nickel.