Indias NMDC Pauses Nickel Plans
State-run miner NMDC has paused its entry into the nickel sector due to global oversupply concerns driven largely by production in Indonesia. India relies entirely on imports for the critical mineral.
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NMDC LTD has paused its planned entry into nickel extraction, shelving the portfolio due to global oversupply conditions driven by Indonesia, company officials said during late evening hours.
