Tag: nickel ore quota cuts
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LME nickel prices retreat from 18-month high as Indonesian supply uncertainty meets surplus fears
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…