Tag: nickel market

Oversupply concerns mount amid revisions to Indonesian production quotas Indonesian govt says Weda Bay’s additional quota remains unapproved London Metal Exchange (LME) three-month nickel prices declined 2% w-o-w to $16,950/t in the week ended 7 August 2026, from $17,335/t a week earlier. The decline came as uncertainty over Indonesia’s revised nickel mining quotas raised concerns…