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 a supply shortage.

Comments