LME nickel prices rise to three-week high! Expectations of Fed rate hikes cool down, combined with Indonesia's quota restrictions and AI infrastructure boost nickel prices.

Wisdom Finance APP learned that with the latest release of the US June CPI and PPI significantly lower than economists' consensus expectations, financial market traders' aggressive expectations for a rate hike by the Federal Reserve have significantly weakened. In addition, the uncertainty of Indonesia's bulk commodity quota policy and the rapid progress of AI data center construction have driven a stronger demand for UPS and battery energy storage systems containing nickel elements, leading to nickel prices on the London Metal Exchange (LME) reaching their highest level in three weeks.