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Nickel Extends Rebound on Prospect of Indonesian Production Cuts

Bloomberg Markets Wednesday 21 October 2026, 04:02 UTC By Bloomberg News 1 min read
Key Points

Commodities Nickel Extends Rebound on Prospect of Indonesian Production Cuts Nickel rose for a fourth day as the prospect of coordinated output cuts by Chinese producers in Indonesia raised expectations of tighter supply. The metal climbed as much as 2% to nearly $16,000 a ton on the London Metal Exchange, building on gains since hitting a nine-month low last Thursday.

Commodities Nickel Extends Rebound on Prospect of Indonesian Production Cuts Nickel rose for a fourth day as the prospect of coordinated output cuts by Chinese producers in Indonesia raised expectations of tighter supply. The metal climbed as much as 2% to nearly $16,000 a ton on the London Metal Exchange, building on gains since hitting a nine-month low last Thursday.
Prospect of Indonesian Production Cuts Commodities Nickel Extends Rebound (ORG) Prospect of Indonesian Production Cuts Nickel (ORG) Chinese (ORG) Indonesia (LOCATION) the London Metal Exchange (ORG)
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