Academia
Shanghai Futures Exchange is looking to extend reach across the Asian region, capitalizing on the Chinese nickel ecosystem that links mines in Indonesia with refineries on the Chinese mainland.
A worker in protective gear uses a tool to scoop molten metal on Sept. 16, 2025, at Harita Nickel’s smelting facility on Obi Island in South Halmahera, North Maluku. (AFP/Daeng Mansur)
The world of metals trading is changing, and so too is the way metals are traded.
Politics and war have broken what were once highly globalized supply chains into more regionally diverse parts.