Nickel price tumbles on China’s power crunch
Residents in several northern provinces have already been dealing with blackouts, while traffic lights are being turned off.
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EXPLAINER: What is behind China’s power crunch?
China is in the grip of a power crunch as a shortage of coal supplies, toughening emissions standards and strong demand from manufacturers and industry have pushed coal prices to record highs.
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RANKED: World’s top ten nickel mining companies
Total nickel reserves are estimated at 94 million tonnes globally, with Indonesia and Australia among the countries holding the largest endowments.
