Smelters at Indonesia's Morowali Industrial Park on Sulawesi were told last weekend to cut nickel pig iron (NPI) output after an El Nifio-driven drought reduced water available for cooling and equipment protection, people familiar said. The reduction could total about 100,000 tonnes of NPI. Wood Mackenzie estimates the park's annual installed NPI capacity at roughly 4.2 mln tonnes (about 350,000 t/month). The cut may help curb recent weakness in nickel; LME nickel is down about 18% from its earl

Smelters at Indonesia's Morowali Industrial Park on Sulawesi were told last weekend to cut nickel pig iron (NPI) output after an El Nifio-driven drought reduced water available for cooling and equipment protection, people familiar said. The reduction could total about 100,000 tonnes of NPI. Wood Mackenzie estimates the park's annual installed NPI capacity at roughly 4.2 mln tonnes (about 350,000 t/month). The cut may help curb recent weakness in nickel; LME nickel is down about 18% from its early-May peak.