[SMM Nickel Market Flash] BMI Raises 2026 Nickel Price Forecast to $16,600/t on Policy and Supply Risks

Published: Apr 21, 2026 13:57

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BMI, a Fitch Solutions company, has raised its 2026 nickel price forecast to $16,600/t, citing growing policy uncertainty and potential supply risks. Against a backdrop of shifting Indonesian policy signals and ongoing supply chain disruptions, the market is paying closer attention to the downside support and medium-term upside potential for nickel prices.

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