Nickel Market Update: Price Rebound Amid Indonesian Supply Concerns

Nickel prices have shown recent volatility, with the London Metal Exchange (LME) spot price reaching $15,755 per ton as of March 4, 2025.
Since the beginning of the year, nickel prices have risen by 3.20%, or $490 per ton. However, the market faces challenges, with Indonesia, the world’s largest nickel producer, considering cuts to nickel ore supply in response to price declines and market oversupply.
While prices have rebounded in recent months, market dynamics remain impacted by supply pressures and production country policies. Monitoring these trends is crucial for staying ahead in the market.