Nickel Futures Rise from Over 1-Month Low

2026-03-25 07:57 By Erika Ordonez 1 min. read

Nickel futures rose to around $17,300 per tonne, rebounding from a recent over one-month low, amid renewed hopes for a temporary de-escalation in the Middle East conflict.

The US proposed a one-month ceasefire to Iran, boosting risk sentiment and triggering short-term gains in industrial metals markets.

On the supply front, Nickel Industries received approval for 14.3 million wet metric tonnes of 2026 nickel ore sales in Indonesia, providing clarity for both domestic and export supply, underpinning futures prices.

Meanwhile, the market remains cautious over potential windfall taxes on nickel in Indonesia, which could affect output and costs.

Chinese liquidity support helped bolster sentiment, as the People’s Bank of China conducted a 500 billion yuan medium-term lending facility operation.

Overall, nickel remains in a sensitive range, with prices fluctuating amid supply reassurances and lingering geopolitical risks.



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