After copper and aluminum prices have skyrocketed, is it finally nickel's turn? Indonesia plans to reduce production, and nickel prices are expected to rise for three consecutive times.

According to the Securities Times APP, since the "epic short squeeze period of LME nickel prices in 2022", the long-term low LME nickel prices have rarely seen three consecutive days of increase. Based on a significant rebound from the eight-month low point, it further rose, mainly because commodity traders generally expect that the supply of nickel from Indonesia, the world's largest producer, may be reduced significantly. After copper and aluminum, these two major non-ferrous metals, both achieved significant increases this year and moved towards a bull market trajectory, the long-term low nickel finally experienced an explosive increase. This wave of price increase may not be a short-lived price rebound, as the Federal Reserve's interest rate cut cycle and long-term demand for electric vehicles catalyze, nickel is expected to continue to rebound from near the lowest point in three years.