Tag: nickel ore quota

LME nickel prices fall 2% w-o-w amid reports of higher Indonesian production allocations

Aug 8, 2026

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by

Manya Dewangan

in Nickel, Non Ferrous

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…