Category: INGOT
-
Nickel surges to historic highs, LME suspends trading
London nickel spot prices closed on a historical level of $50,271/t on Monday with the biggest ever single-day gain of 67.22%, as supply disruption fears gripped markets amid an escalating Russia-Ukraine conflict and prices skyrocketed as western sanctions against Russia for invading Ukraine led to supply disruptions. The LME said “it did not stop trading…