Nickel jumps 2.85% on risk of Philippines following Indonesia's export ban

Nickel jumps 2.85% on risk of Philippines following Indonesia's export ban. Nickel climbed to the highest in almost four weeks after a Philippine lawmaker filed a bill to require all mined minerals to be processed before export. Prices have surged 37 percent this year after Indonesia, the world's biggest producer of the mined metal, implemented a similar ban in January. The Philippines accounted for about 9 percent of global mined supplies last year, according to Jessica Fung, an analyst at BMO Capital Markets. (VIEW LINK)