Tag: nickel market forecast 2027

INSG forecasts global nickel surplus of 19,000 t in 2026 Indonesia considers curbs on new smelters amid oversupply London Metal Exchange (LME) three-month nickel prices declined 2.3% week-on-week (w-o-w) to $15,355/t on 16 October 2026, from $15,720/t a week earlier. Prices remained under pressure from persistent global oversupply concerns and subdued downstream buying, despite a…