Nickel surged to two-year high as global supply concerns mounted following a plant closure in New Caledonia by Vale SA, the world’s second-biggest producer.
Vale SA, the second-biggest nickel producer, got permission to restart its New Caledonia plant.
The PGA Tour of Australasia added an event in New Caledonia to its schedule through 2015, taking the golf circuit to the French territory for the first time.
Eramet SA’s Societe Le Nickel unit suspended nickel mining on New Caledonia before an approaching cyclone expected to hit the island tomorrow, Reuters said , citing an unidentified spokeswoman for the company.
New Caledonia upset defending champion New Zealand 2-0 to set up a matchup with Tahiti in the Oceania Nations Cup soccer final.