LME Nickel prices dropped by 6% d-o-d, reflecting a significant decline compared to 3 Apr’25, reaching nearly a five-year low. As of 7 Apr’25, LME nickel stands at $14,640/t, primarily impacted by US tariff policies. The market is facing increased uncertainty, with Indonesia’s nickel ore premiums expected to fall after Ramadan. Delays in policy implementation and weakening downstream prices have reduced support for nickel ore.
LME Nickel prices plunge to lowest level since 2020
5-year low April 2025 nickel commodity price drop global nickel prices Indonesia nickel ore LME nickel nickel market analysis nickel market instability nickel market trends nickel market uncertainty nickel ore premiums nickel price decline nickel price drop nickel price fluctuations nickel price forecast nickel prices nickel prices 2025 Nickel prices plunge to lowest level since 2020 nickel tariff impact non-ferrous metals President Trump’s tariff policy
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