Macro Finance
Nickel Surpasses $16,000 on Prospect of Indonesia Cuts
Bloomberg Markets·October 21, 2026·1 min read
Nickel prices rose for a fourth consecutive day, surpassing $16,000, as the prospect of coordinated output cuts by Chinese producers in Indonesia raised expectations of tighter supply. The sustained rally reflects market optimism that production reductions will alleviate oversupply and support higher prices in the global nickel market.
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