
What’sNewRecentincreasesinnickelandaluminiumpriceshavebeenspurredonmainlybysupplysidecutsthatcouldbringtheseformerlyoversuppliedmetalsintobalancesoonerthanwehadexpected.Indonesiahasremainedsteadfastinitsbanonoreexports,whichChinareliesonforroughlyhalfitssupplyofnickel.Westernworldaluminiumproducerscontinuetocutproduction,ledbyAlcoa,whileconsumptiongrowthcontinuestosurgeinthetransportationa...