Nickel prices rose from 30 thousand dollars to a hundred thousand dollars per ton in just two days. The london metal exchange, or the l me, that facilitates the nickel trade, had to stop people from buying and selling the metal. Russia happens to be the third largest producer of nikel. About ten % of the nikel supply is effectively choked off at the moment because nobody wants to deal with russia any more.
In today's episode for 11th March 2022, we talk about the rally in Nickel prices.