London Metal Exchange (LME) nickel prices settled at US$16,325/ton on November 27, up by US$95/ton from the previous day.

Meanwhile, nickel inventories continued to increase as nickel stocks on the LME warehouses were at 404,490 tons on November 27th.

Indonesia announced the implementation of nickel ore export ban in February; however, LME nickel inventories continued to increase.