Nickel prices are projected to continue falling in 2024 due to increased production in Indonesia and China. China's domestic refining capacity growth is leading to a new equilibrium in the nickel ...

Nickel started 2023 high after a rally at the end of 2022, but supply and demand pressures saw the base metal's price decline throughout the year to close nearly 50 percent lower at US$16,375 per ...

Indonesia plans to significantly cut its nickel production quota in 2025 to address the oversupply of nickel in the global market. The nickel market has been in a downturn due to increased production ...