Tsingshan asks some Indonesian nickel producers to cut output to free power for aluminum
Geopolitics · Reuters ·
China's Tsingshan Group has asked nickel pig iron producers at Indonesia's Weda Bay industrial park to curb output in June to conserve electricity for aluminum production. The move signals that Tsingshan's push into the light metal is starting to squeeze nickel operations, as the company prioritizes the higher-margin aluminum amid a rally in prices.