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.
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
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