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The 19th China Ferro-alloys International Conference, co-hosted by China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters (CCCMC) & Ferro-Alloys.com ，Supported by China Ferroalloys Industrial Association, will be held on 31 May to 2 June 2023 in Beijing, China.
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Global Commodities' Indonesian nickel indices plan may be a game-changer
An exclusive deal that will lead to the development and marketing of indices for Indonesian nickel, signed by UK-based Global Commodities Holdings Limited (GCHL), could change the landscape for referencing nickel prices, industry sources say.
Since last March, when the London Metal Exchange (LME) suspended nickel trading for more than a week after prices erupted in a record breaking surge, many consumers, producers and traders have been looking for an alternative.
UK-based GCHL said in a release the indices would be used by all stakeholders as a reference for "transactions, budgeting, forecasting and as a tool for the Indonesian government to control and monitor nickel mines and downstream activities".
Metal industry sources say this could be game-changing because Indonesia is the world's largest nickel producer.
"GCHL and Indonesia's PT Indeks Komoditas Indonesia (PT IKI) have signed a memorandum of understanding that will lead to the development and marketing of indices for Indonesian nickel," UK-based GCHL said.
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- [Editor:邢亞敏]
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