Nickel Prices Rise to Two-Year High Due to Supply Constraints in Indonesia
Nickel prices climbed to a two-year high as reduced mining quotas in Indonesia and a sulfur shortage tightened supply. The London Metal Exchange saw nickel rise 0.7% to $19,155 per ton, though it gave up most of its gains after hitting a peak since June 2024. The situation is exacerbated by the ongoing conflict between the US and Iran, which has disrupted global economic growth and affected metal markets.
Topics: Commodity Prices Indonesia Nickel Sulfur Shortage Supply Chain