Tag: WBMS nickel deficit
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LME nickel prices edge up w-o-w on refined market deficit, Indonesia supply uncertainty
Rising sulphur costs, softer US inflation data support prices Weak stainless steel demand, high inventories cap gains London Metal Exchange (LME) three-month nickel prices increased 2% w-o-w to $16,870/t in the week ended 17 July 2026, compared with $16,600/t a week earlier. The market found support from a global refined nickel deficit, expectations of a…