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23 Sep
12:46

Jiangsu ferronickel producer files for bankruptcy

Jiangsu Baotong Nickel Industry has declared bankruptcy and will recruit bankruptcy investors before 30 November, Kallanish notes from local media reports. After Indonesia announced a ban on nickel ore exports in 2020, the resulting tight supply of nickel ore in China has caused challenges for local nickel smelters. According to public information, Baotong Nickel was established in 2011 and is a joint subsidiary of Shandong Jintiandi Group and Shanghai Z…
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