14/05/2026
World Bankโs latest outlook report projected global nickel prices to rise to $17,000 per metric ton in 2026, up 12 percent from 2025, driven by Indonesiaโs decision to cut nickel ore production quotas by about 30 percent, disruptions in sulfur shipments from the Middle East, and tightening global supply conditions. Indonesia, which produces around 60 percent of global nickel output, implemented the policy shift to support export prices, promote domestic downstream processing, and reduce illegal and environmentally damaging mining. The report noted that the Philippines, as one of the worldโs major nickel producers, could benefit from the price increase as demand growth is expected to remain strong due to stainless steel production and electric vehicle adoption, although increased use of lithium iron phosphate batteries in China may temper battery-related nickel demand growth.
Global nickel prices could rise to $17,000 per metric ton (MT) this year due to disruptions in sulfur shipments from the Middle East and policy shifts in Indonesia, according to the World Bank. In its latest outlook report, the World Bank expects nickel prices to rebound to $17,000 per MT,โฆ