Nickel prices were stagnant in 2025, trading around US$15,000 per metric ton (MT) for much of the year. Weighing heavily on the metal was persistent oversupply from Indonesian operations. Meanwhile, ...

After peaking above US$20,000 per metric ton (MT) in May 2024, nickel prices have trended steadily down. Behind the numbers is persistent oversupply driven by high output from Indonesia, the world’s ...