Nickel / MET.NICK

LME nickel, split between stainless steel and battery demand. Indonesian supply dominates the balance. At the latest reading, Nickel prints a spot of $21,800/t — a move of ▼0.90% over the past twenty-four hours and ▼5.10% across the trailing thirty days.

The v3.2 stress index places MET.NICK at 0.53 — a caution reading on a composite that blends price momentum, inventory cover, supplier concentration and geopolitical exposure. The metric is recomputed on every ingestion cycle, and the weekly delta is the line worth tracking rather than the absolute level.

For operators, the question is not the spot itself but the buffer behind it. A tightening reading on Nickel compounds with any incident on a shared transit route or producer, and the cascade is rarely linear. The scenarios below carry MET.NICK as an explicit input — each one is wargamed and reviewed against this commodity's exposure profile.