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Nickel extends gains amid Indonesia supply disruption

Nickel prices rose further on the London Metal Exchange on Monday as mining disruptions in key producer Indonesia sparked supply concerns about the stainless steel ingredient.

Widespread flooding in Indonesia’s nickel hub on the island of Sulawesi has halted some mining operations in Indonesia, an official with the country’s Nickel Miners Association said.

In September 2017, Anglo Pacific Group PLC (LON:APF) entered into a royalty agreement with Brazilian Nickel Ltd (Brazilian Nickel) to acquire an initial 1% gross revenue royalty over the Piauí nickel-cobalt project.

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