Nickel prices are up more than 4% today which takes the rally close to 50% for the year (!) as investors are afraid that Indonesia will introduce a proposed ban on exports starting from 2022. Nickel is increasingly used in batteries in automotive industry so a ban would obviously constrain global supplies. Nickel price is moving closer to 2018 high of $16580 with the next resistance at $18600.
Oil slides 2.5% to $88 as Middle East tensions ease 📉 Is the uptrend over?
Market Wrap: Inflation rises and de-escalation. Airlines recover losses.
Brent crude oil deepens losses to -3% due to details of potential agreement
Chart of the Day: Is this a "real" breakthrough in the oil market this time? (12.06.2026)