Affected by the Indonesian policy, the nickel price had already cumulative gains 50% since early of 2014.The main downstream industry-stainless steel suffered much due to the rising cost.

Nickel has enjoyed a solid price spurt in recent months, fuelled by fears over heavy supply disruptions after Indonesia — home to around a fifth of total nickel production — placed an export ban on nickel ore back in January

[Ferro-Alloys.com] It is reported that nickel price on the LME has climbed to a 14 month high point, which is mainly due to the tighter supplies. LME nickel prices settled at US$18,460 on April 24th.

Reuters reported that nickel prices touched their highest in more than a year as speculators continued a trend of buying futures on concerns about the potential for shortages following a ban on ore exports from Indonesia.

[Ferro-Alloys.com] Nickel prices have surged nearly seven per cent in the past month with fears over supplies from Russia adding to Indonesian curbs on shipments of unprocessed ores.

This week the LME nickel price started to rebound encouraged by the Indonesian policy. On Jan. 16th, the LME Nickel close at USD$14695/mt, USD1345/mt higher than last week while the stock decreased