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: Markets Climb on Hopes for a Swift End to the Conflict
Oil loses amid hopes for de-escalation in Middle East 📌
Market Wrap: Europe attempts rebound amid hopes of restoring traffic in Hormuz 🚢
Morning wrap (16.03.2026)