Industry News

Nickel price increases due to strike in Indonesia

Views : 121
Update time : 2020-10-13 16:32:25
Indonesian workers protested in several cities including Jakarta against the controversial Job Creation Law in early October. The demonstrations will last about 4-5 days. The new law canceled the contract period for up to 3 years and also cut severance pay.

The Indonesian government stated that the law will attract investment. However, critics believed that the law is too pro-business and a union leader said that the union is preparing to several rallies and planned to call on 5 million Chinese workers to go on strike from October 6-8, asking the government to abandon labor reform measures.

Millions of workers in Indonesia protests and strikes. If the strike is continuous, it may affect the ferronickel production sharply. LME nickel and Shanghai Nickel rose sharply and China's 304 stainless steel also increased.
Related News
Read More >>
Top 5 downstream aluminium projects of 2024 to redefine the value-added product industry Top 5 downstream aluminium projects of 2024 to redefine the value-added product industry
Jan .10.2025
Top 5 downstream aluminium projects of 2024 to redefine the value-added product industry
Ricoh's latest development set to cut costs & improve accuracy in aluminium binder jetting method Ricoh's latest development set to cut costs & improve accuracy in aluminium binder jetting method
Jan .10.2025
Ricoh's latest development set to cut costs & improve accuracy in aluminium binder jetting method
South Korea's cold-rolled stainless steel imports grow in 2024 South Korea's cold-rolled stainless steel imports grow in 2024
Jan .10.2025
South Korea's cold-rolled stainless steel imports grow in 2024
China's 2025 policies set to drive stainless steel demand growth China's 2025 policies set to drive stainless steel demand growth
Jan .10.2025
China's 2025 policies set to drive stainless steel demand growth