Tag: nickel oversupply 2026

Global nickel surplus expected to persist into 2026 Elevated inventories continue to cap price recovery LME nickel prices edged lower this week, as persistent oversupply weighed heavily on sentiment. The benchmark three-month contract closed at $14,605/t on 12 December, down 2 % from $14,920/t last week. LME nickel inventories were remained steady, ending the week…