[Ferro-Alloys.com] 

Shanghai nickel prices fall as Indonesia ramps up mining quota approval process

Nickel prices in Shanghai declined on Wednesday, as investors eyed more mining output from main producer Indonesia after the country said it will accelerate its approval process.

Prices of the metals in London fell on Tuesday after a senior Indonesian mining ministry official said the country had issued production quotas of 152.62 million tons of nickel ore and 44,481.63 tons of tin so far this year, and was working to accelerate the approval process.

The delayed issuance had sparked fears of supply tightness, supporting prices over the past few months.

• [Editor:邢亚敏]