Tag: nickel prices October 2026
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LME nickel prices rebound 4% w-o-w as Indonesian output-cut plans lift sentiment
Chinese producers mull production cuts at Indonesian operations Rising LME inventories, surplus supply forecasts constrain recovery LME three-month nickel prices rose 4% week-on-week to $15,900/t on 23 October 2026, from $15,355/t a week earlier, as reports of potential production cuts at Chinese producers’ Indonesian operations raised supply concerns. However, elevated exchange inventories, weak stainless steel…