Nickel Price Today: Indonesia Supply Cuts Drive Market Near 19-Month Highs

The **Nickel Price** continues its strong start to 2026, trading at **$18,639.14 USD** as of Friday, January 23. The metal has recorded a steady **0.49%** gain over the last seven days, consolidating recent rallies that have pushed year-to-date (YTD) returns to an impressive **11.45%**. Investors are currently digesting major supply-side updates from Indonesia, the world’s largest producer, which have successfully underpinned values near their highest levels in over a year and a half.