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.
Daily Summary: Chip War Weighs on Wall Street as Oil Plunges After US–Iran Ceasefire ⭐
🔴European TTF gas prices fall by 7.5%
Morning Wrap: The weekend slump in oil prices is accelerating 💥 (27.07.2026)
When will the rise in oil prices reach us?