PT Vale Jumps Up
Bloomberg reported some companies saw unusual trading on Friday as metal producers surged upward on the Jakarta Composite index.
As quoted in the market news:
PT Vale Indonesia (INCO) , the nation’s largest nickel producer, jumped 6.7 percent to 4,000 rupiah, the most since Oct. 28. PT Timah (TINS) , Indonesia’s biggest tin producer, rose 5 percent to 1,890 rupiah, the steepest gain since Oct. 12. Nickel futures advanced 3.2 percent to $21,600 a metric ton in London yesterday while tin added 6.9 percent to $24,005 a metric ton.
Click here to read the full Bloomberg report.
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Fri, Jan 27, 2012
Post by Melissa West, Nickel Researcher