S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketNickel futures slid to around $16,700 per tonne in mid-March, hitting its weakest level in over two months, amid rising global risk aversion as Middle East tensions lifted oil prices and reinforced inflation concerns. The shift has supported a stronger US dollar and tempered expectations for near-term Federal Reserve rate cuts, adding broad downside pressure across industrial metals. At the same time, the conflict has exposed vulnerabilities in the nickel supply chain, particularly for battery-grade materials, as processing relies heavily on sulfur inputs linked to Middle Eastern trade routes. Prolonged disruptions could raise costs for high-pressure acid leach (HPAL) operations, increasing price volatility even without direct ore shortages. Meanwhile, in Indonesia, supply risks have also intensified after authorities halted operations at a nickel processing facility in Morowali following a fatal landslide, adding to ongoing regulatory scrutiny and production uncertainty.
