Indonesia's regulatory measures may lead to a 35% drop in nickel ore supply, and the market anticipates a rebound in the continuously declining nickel prices.
Macquarie stated that Indonesia’s control over nickel mining scale may reduce the Global supply by 35%.
Morgan Stanley Maintains Freeport-McMoRan(FCX.US) With Buy Rating, Maintains Target Price $55
Freeport McMoRan Cut, Antofagasta Raised at Bernstein in Copper Twist
Raymond James Maintains Freeport-McMoRan(FCX.US) With Buy Rating, Cuts Target Price to $53
Bernstein Downgrades Freeport-McMoRan(FCX.US) to Hold Rating, Cuts Target Price to $46
Express News | Freeport-Mcmoran Inc : Bernstein Cuts to Market Perform From Outperform; Cuts Target Price to $46 From $51