LME Nickel nears 14-month high on Indonesian supply concerns

LME nickel prices climbed to around $16,900/t on the day, approaching a 14-month high, despite a firmer US dollar. Prices have risen nearly 5% from 29 Dec’25 levels, supported by supply-side concerns after PT Vale Indonesia temporarily suspended mining operations due to pending government approvals. Market participants expect near-term strength to persist as supply disruptions continue to offset currency pressures.