Indonesia currency erosion driving nickel ore tags down
Sep 12, 2013 | 10:58 AM
SHANGHAI Indonesias nickel ore prices have fallen by nearly one-third in the first half of the year due to a combination of its depreciating currency value against the U.S. dollar and a weak stainless steel market in China, the largest consumer of the nations laterite nickel ore.
"If the U.S. reduces the scale of quantitative easing or quits easing, the rupiah will fall further," a senior nickel analyst in Shanghai said.....
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