Welcome to the nickel miners news for October. The past month saw nickel prices slightly lower. LME inventories fell dramatically to very low levels (below 80kt), and are at a nine-year low. This is approaching the previous nickel low inventory levels that resulted in significant nickel price spikes.
The big news for the month was on October 28 when Indonesia announced that they will be suspending nickel ore exports with immediate effect. This brings forward the export ban from Jan. 1 2020, which was already brought forward two years.
Overall the nickel producers and juniors