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China’s nickel futures surge to new record high on Indonesia export ban

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China’s nickel futures surged to a new record high on Tuesday boosted by the earlier-than-expected export ban by Indonesia, the world's largest nickel ore producer.

China’s most-active futures contract for November delivery surged as much as 8.6 per cent to hit a new record high of 149,190 yuan a tonne, adding to a 6 per cent gain one day earlier.

The three-month nickel contract on the London Metal Exchange rose as . . .

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