Nickel

Nickel steadies near recent lows as Indonesia smelter freeze talk is offset by weak stainless and battery demand signals.

Nickel futures held near $16,600 as Indonesia drought curbs output, while a stronger dollar and Fed rate worries capped metals market gains.

Nickel futures weaken as Indonesia’s ore pricing reset and rising exchange inventories pressure the metals market outlook.

Nickel futures recover as Indonesia supply concerns offset weak stainless demand and high inventories across the metals market.