Nickel prices surge by 10% in a week, outpacing other metals

Following US President Donald Trump's announcement of reciprocal tariffs on April 2, most international base metals experienced significant declines. However, nickel prices have rebounded strongly, rising by nearly 10% within a week, the most robust among all base metals. As of 2:00 AM Taipei time on April 17, the London Metal Exchange (LME) nickel futures were quoted at US$15,605/ton, which have risen by six trading days in a row. This upward trend was expected to positively influence the stainless steel market's future outlook.