World's biggest nickel mine in Indonesia, Weda Bay, has been told to slash output by 70% to 12mln tonnes, Bloomberg reports

This substantial output reduction at Weda Bay, the world's largest nickel mine, signals a significant supply-side constraint in the nickel market. Given nickel's key role in battery production and electric vehicle manufacturing, this cut could lead to upward pressure on prices, particularly if demand remains robust. Traders should monitor broader implications for inflation and industry sectors reliant on nickel for production.