LME nickel prices hit a 10-year high

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Nickel 3-month future prices on the London Metal Exchange (LME) have hit a ten year high level at $27,900/t. Notably on a d-o-d basis too, the cash LME prices witnessed a 10% rise as against $25,880/t on 2 Mar’22.
Prices have been on an uptrend owing to Ukraine-Russia war which led to the supply shortage.

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