Nickel prices rise slightly as Indonesia maintains ore export limits and key producers report higher output.

Nickel spot prices increased slightly in July, reaching USD 17,048 per ton from USD 16,733. The Indonesian government confirmed it will not fully relax its nickel ore export quotas, maintaining supply constraints. Key industry updates include Vale's Q2 nickel production rising 4% year-over-year to 42,000 tons, and Nickel Industries reporting a significant increase in Q2 adjusted EBITDA to approximately US$120 million from US$86 million the previous year. These developments suggest steady demand and supply management in the nickel market, important for investors tracking the electric vehicle and battery metals sectors.