Home
Products
Aluminium
Aluminum Strip / Coil Aluminium Sheet / Plate Aluminum Circle / Disk / Disc Aluminum Tread Plate Aluminum Foil
Stainless Steel
Stainless Steel Coil Stainless Steel Sheet and Plate Stainless Steel Welded Pipes / Tubes Stainless Steel Seamless Pipes / Tubes Stainless Steel Checker Plate Stainless Steel Bar
Galvanized steel
Hot Dip galvanized steel coil and sheet Galvalume(55%al-zn) steel coil and sheet PPGI
Pipes and Tubes
Carbon Steel Welded Pipe/Tube Carbon Steel Seamless Pipe/Tube
Fittings
Sanitary Fitting Industry Fittings Fluid Fitting Quick Coupling Butt welded fittings Threaded Fitting High Pressure Fitting
Valves
Sanitary Butterfly Valve Gate Valve Ball Valve
Flange
Copper
Copper Alloy Wire Copper Pipe Copper Foil/ Rolled Copper Foil
About Us
About YUENSENG INTERNATIONAL
Company Information
Our Culture
Our Business
Our Business
News
Company News
Industry News
Contact Us
Contact Us
Industry News
Home Industry News

Indonesia's tight mineral supply pushes up nickel prices

Views : 43
Update time : 2025-01-16 21:25:15
Affected by the sluggish demand for stainless steel products and raw materials, LME nickel continued to fall at the end of last year (2024). After the New Year holiday in 2025, the nickel price fell from the US$15,000 mark to US$14,900/ton, a new low in three years. Fortunately, the low point did not last long and returned to the US$15,000 level. The nickel price has continued to rise in recent weeks, reaching a recent high of US$15,800/ton. 

According to the understanding, the international nickel price has been declining for two consecutive years, mainly due to the large-scale mining of nickel ore in Indonesia and the sharp weakening demand from global battery manufacturers and the stainless steel industry. However, it was reported that the Indonesian government is considering imposing restrictions on nickel mining since December 2024. As a result, international nickel prices have rebounded from the bottom in recent weeks. 

Although China's macroeconomic policies have led to a rebound in domestic spot prices and stimulated nickel prices, Indonesia's control of nickel mining quotas and reduced supply might be the main factor for nickel prices hike.
Previous :
Next :
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11