Tag: Global nickel oversupply

Spot trade slows as buyers complete restocking before Lunar New Year Oversupply concerns emerge despite quota cuts, may cap Jan’26 rally  LME nickel prices averaged $17,700/t in the week ended 30 January, down 6% w-o-w from $18,860/t after briefly touching an 18-month high earlier in the month. Prices were initially supported by concerns over Indonesia’s…