Tag: nickel price correction

Nickel prices retreated sharply after Indonesia delayed clarifying details on proposed output cuts, triggering profit-booking and reviving surplus concerns. LME nickel slipped to around $17,225/t, down nearly 7% from the previous close of $18,650/t, after touching a 14-month high. Market participants noted that uncertainty over supply curbs weakened bullish sentiment, keeping prices volatile in the…