Indonesia reports news of reduced nickel pig iron production, causing nickel prices to surge

```htmlGolden Ten Data reported on May 19 that Indonesia, the largest nickel producer, will further cut production, causing nickel prices to soar in response. According to reports, 10% to 15% of high-grade nickel pig iron (NPI) capacity in the Indonesia Weda Bay Industrial Park will undergo staggered maintenance over the next few months. This news led the London Metal Exchange (LME) nickel futures to surge by 2.6%, reaching $19,050 per ton. The report noted that due to reduced ore supply and high costs, some NPI production used for stainless steel has already been cut since March and April. Additionally, the reallocation of power resources to new aluminum capacity has intensified this situation.```