Industry News

Nickel price increases due to strike in Indonesia

Views : 369
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 >>
Nickel prices on Feb 20 rise on a weaker US dollar as hawkish Fed & Middle East tensions limit gains Nickel prices on Feb 20 rise on a weaker US dollar as hawkish Fed & Middle East tensions limit gains
Feb .24.2026
Nickel prices on Feb 20 rise on a weaker US dollar as hawkish Fed & Middle East tensions limit gains
Argentina terminates AD duties on China’s aluminum sheets Argentina terminates AD duties on China’s aluminum sheets
Feb .24.2026
Argentina terminates AD duties on China’s aluminum sheets
Nippon Steel raises prices for 300 series stainless steel dramatically Nippon Steel raises prices for 300 series stainless steel dramatically
Feb .24.2026
Nippon Steel raises prices for 300 series stainless steel dramatically
Indonesia and the Philippines' nickel industry alliance impacts stainless steel industry chain Indonesia and the Philippines' nickel industry alliance impacts stainless steel industry chain
Feb .24.2026
Indonesia and the Philippines' nickel industry alliance impacts stainless steel industry chain