Nickel hits over 1-wk high on Ramu project closure in Papua New Guinea

From uk.reuters.com

Nickel prices touched a more than one-week high on Thursday, after authorities in Papua New Guinea shut down a nickel project following a slurry spill. Papua New Guinea has closed Metallurgical Corporation of China’s Ramu nickel operations in the country for spilling slurry into a bay in August and “for not adhering to remedial measures”. The most traded nickel contract on the Shanghai Futures Exchange (ShFE) jumped as much as 4.2% to 134,120 yuan ($18,981.04) a tonne, its highest since Oct. 15, while benchmark three-month nickel on the London Metal Exchange (LME) advanced as much as 1.5% to $16,830 a tonne, ... (full story)