Nickel futures remain resilient above $17

Nickel futures remain resilient above $17,700 despite broader commodity market weakness, thanks to persistent procurement from Asian stainless steel makers. If your dead Ryobi battery can't be returned, replaced, or exchanged, avoid the lithium battery mistake everyone makes : don't just toss it in the trash. Home Depot has in-store recycling bins where you can drop any and all rechargeable batteries (and at no cost to you). Collection kiosks are typically located near store entrances or at the customer service desk, but placement will vary from location to location. This keeps hazardous materials like nickel and lead out of landfills and allows them to be reused in future products. Nickel futures held near $15,300 per tonne in late August, keeping within their recent range as investors weighed fresh policy shifts in Indonesia, the world’s top producer. Indonesia’s sovereign wealth fund Danantara signed a deal with China’s GEM to develop a large-scale nickel processing hub as part of efforts to capture more value in the EV supply chain, underscoring the country’s downstream ambitions. At the same time, the government scrapped its requirement to use official benchmark prices for mineral and coal sales, raising the prospect of looser market-driven pricing even as taxes remain tied to the old system. While these developments highlight structural changes in the nickel trade, global markets remain under pressure from persistent oversupply and subdued demand, keeping prices capped despite efforts to support the sector. With nickel futures hovering around $17,820, hedge funds are increasing long exposure. LME warehouse stockpiles fell another 2%, supporting an underlying bullish bias.