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Commodities

Nickel price spikes on uncertainty over Indonesian export ban

EV battery metal jumps $1,000 per ton to highest since Dec 2014

A worker processes nickel at a smelter in Indonesia's Sulawesi island. The country has been focusing on building up its metal processing industry.   © Reuters

TOKYO -- The price of nickel, a metal crucial to stainless steel and electric vehicle batteries, jumped the highest in nearly five years on speculation that top producer Indonesia will reimpose export restrictions sooner than planned.

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