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VTM Market Dispatch – How to play the nickel boom (HZM)

On Friday, the nickel price surged to $16,222/ton on the London Metal Exchange (LME), on further speculation that Indonesia is planning to bring forward its ban of raw mineral exports by three years.

As the world’s largest miner of the widely used industrial metal, having produced over 560,000MT in 2018, any such ban would likely have a hugely disruptive effect on this already stretched market.

In fact, the last time Indonesia banned exports, in 2014, the price shot up more than 50% over the following five months.  It then peaked at $21,150/ ton.

If the world’s largest island country follows through with its threat, a similar move could be on the cards today.

Click here to read the full Market Dispatch report on how you can profit from a boom in nickel prices, featuring insight from Jeremy Martin, chief executive of Horizonte Minerals (LSE:HZM)

Valuethemarkets.com and Dynamic Investor Relations Ltd are not responsible for the content or accuracy of this article.  News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.

  • Ben Turney does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.
  • Ben Turney has not been paid to produce this piece by the company or companies mentioned above.
  • Dynamic Investor Relations Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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