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Nickel Hits Three-Week High on Indonesia Supply Risks, Fed View

Interest Rates & YieldsEnergy Markets & PricesCommodities & Raw MaterialsGeopolitics & War

Nickel rose to a three-week high as expectations for additional Federal Reserve rate hikes eased, improving the near-term price backdrop for metals. The rally faces supply uncertainty as Indonesia’s mining policy remains unclear, clouding expectations for future nickel output.

Analysis

Nickel rose to a three-week high as expectations for additional Federal Reserve rate hikes eased, improving the near-term price backdrop for metals. The rally faces supply uncertainty as Indonesia’s mining policy remains unclear, clouding expectations for future nickel output.

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Market Sentiment

Overall Sentiment

mildly positive

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0.15