Global Nickel Market Recalibrates After Explosive Trading Week

2026-01-08 12:04:49 ET

Nickel prices stabilized on Thursday (January 8) after a turbulent week that saw the market swing sharply higher before retreating as traders reassessed the balance between existing supply risks and a growing overhang of inventory.

Three-month nickel on the London Metal Exchange (LME) hovered near US$17,900 per metric ton, recovering from a mid-week slump but still up roughly 7 percent on the week and close to a 19-month high.

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