Tag: nickel inventory LME

2026 quota of 270 mnt falls short of 410 mnt estimated demand SHFE futures gain up to 4%, reflecting tight supply expectations LME nickel prices averaged $18,860/tonne (t) in the week ended 24 January, up 5.8% w-o-w from $17,825/t, hitting an 18-month high on Indonesia supply concerns. Meanwhile, LME-monitored inventories were at 283,728 t, slightly…