CovOps
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| Subject: Nickel prices double to record $100,000 a ton, trading suspended in London Wed Mar 09, 2022 12:40 am | |
| The LME said in a statement that it had been monitoring the evolving situation in Russia and Ukraine and it was evident this had affected the nickel market. Three-month nickel on the London Metal Exchange briefly jumped to a record high above $100,000 a metric ton, before paring gains. “It is a very dangerous market right now because this is a market that is not driven by supply and demand, it is driven by fear,” Saxo Bank’s Ole Hansen said Tuesday.
.https://www.cnbc.com/2022/03/08/russia-nickel-trading-suspended-in-london-after-prices-hit-100000.html
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Chart:
https://www.lme.com/en/Metals/Non-ferrous/LME-Nickel#Price+graphs |
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