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Nickel falls to $16,000, lowest since December 2025, as Indonesia cuts ore prices

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  • Nickel fell after Indonesia lowered benchmark prices for low-grade nickel ore.
  • Nickel traded around $16,000 per tonne, its lowest level since December 2025.
  • Indonesia's drought limited Excelsior Nickel Cobalt to 30% of nameplate capacity.
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