Macro Finance
Nickel Rallies Past $16,000 on Prospect of Indonesia Output Cuts
Bloomberg Markets·October 21, 2026·1 min read
Nickel prices rose for a fourth day, climbing past $16,000, as the prospect of coordinated output cuts by Chinese producers in Indonesia raised expectations of tighter supply. The rally reflects growing concerns about oversupply and the potential for production discipline. Traders are watching for official announcements from producers, which could further support prices.
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