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Nickel rises as virus cases in Indonesia spark supply concern

Nickel prices rose on Monday, rebounding from eight-month lows hit in the previous session on worries over ore supply as top producer Indonesia reported its first coronavirus cases.

President Joko Widodo said on Monday two Indonesians had tested positive for the novel coronavirus after being in contact with an infected Japanese national.

In September 2017, Anglo Pacific Group PLC (LON:APF) entered into a royalty agreement with Brazilian Nickel Ltd (Brazilian Nickel) to acquire an initial 1% gross revenue royalty over the Piauí nickel-cobalt project.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.