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LME nickel spot prices surge over 40% on supply concerns
Nickel’s three-month future contract prices on the London Metal Exchange (LME) hit a new high of $40,450/t today. Notably, on d-o-d basis, the cash LME prices witnessed a rise of over 45% to $44,495/t as against $29,800/t on 4 Mar’22. Prices have been rising exceptionally fast due to the Ukraine-Russia war, which has led to…