(Dec 30): Nickel hit the highest since March after top producer Indonesia flagged plans to cut supply in order to boost prices. Output will be reduced in 2026 to better match demand with supply, said Energy and Mineral Resources Minister Bahlil Lahadalia, according to CNBC Indonesia. Supply from Indonesia has continued to rise even as prices dragged for much of the year, causing stockpiles in warehouses tracked by the LME to rise rapidly. Indonesian production is now central to the outlook for nickel prices next year. Nickel rose as much as 4.7% to US$16,560 (RM67,126) a ton on the LME on Tuesday, extending a rally that tracked other metals from mid-December.

Source: The Edge Markets December 30, 2025 04:53 UTC