After the G20 summit in Japan and especially after the somewhat conciliatory bilateral talks between the USA and China regarding the trade war, nickel prices were able to recover on the London Metal Exchange (LME). At the start of the second week in July, nickel closed almost USD 1,000.00/mt higher. Even in the third week the recovery continued and prices of around USD 13,600.00/mt have been reached in the meantime. It has to be seen whether real economic data warrant this level. As the head of the US Federal Bank announced that interest rates would be lowered, Indonesia also announced the reintroduction of a strict export ban for nickel ores.