Nickel prices stay high as Iran war adds to Indonesia output cut: S&P
Commodities
Sulfur shortage and Jakarta’s pricing policy send battery feedstock value soaring
A nickel processing plant operated by Vale Indonesia in Sorowako, South Sulawesi province. © Reuters
ISMI DAMAYANTI and REZHA HADYAN
JAKARTA — Nickel prices are expected to stay high throughout 2026 as Indonesia pushes its production cut plans and the Iran war disrupts supply of sulfur, a key ingredient in the processing of the metal, S&P Global Energy analysts said Tuesday.
