Nickel prices retreated sharply after Indonesia delayed clarifying details on proposed output cuts, triggering profit-booking and reviving surplus concerns. LME nickel slipped to around $17,225/t, down nearly 7% from the previous close of $18,650/t, after touching a 14-month high. Market participants noted that uncertainty over supply curbs weakened bullish sentiment, keeping prices volatile in the near term.
Nickel eases from 14-M highs amid uncertainty over Indonesia supply curbs
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