Nickel prices rose to a nine-month high after Indonesia signaled its intention to reduce the extraction of this metal.
Nickel prices during trading on the London Metal Exchange at the end of the year rose by 4.7% to $16,560 per ton.
Indonesia will cut nickel production in 2026 to better align with market conditions regarding supply and demand, CNBC Indonesia quotes the country's Minister of Energy and Mineral Resources, Bahliil Lahadalia.
The country produces about 70% of the world's nickel.
At the same time, the price dynamics for this metal, used in the production of stainless steel and batteries, remain among the worst on the London Metal Exchange (LME) this year. This is largely due to an increase in supply and active stockpiling in warehouses.
Meanwhile, silver is showing increased volatility. The day before, prices plummeted by more than 10%, the fastest rate since 2020, and then prices rose by 5.2% to $74 per troy ounce.
Earlier, the price of silver exceeded $80 per ounce for the first time in history, while just in November, the precious metal was priced at $50 per ounce. Over 2025, silver has increased in price by 2.5 times.
