RE: Ozzie based view of current Nickel market8 Mar 2022 08:03
March 8 (Reuters) - London nickel prices more than doubled on Tuesday to cross the $100,000-a-tonne level for the first time ever, as tension in eastern Europe showed no signs of cooling and growing sanctions against Russia fuelled fears of a disruption in supply.
Three-month nickel on the London Metal Exchange soared 66.5% to $80,025 a tonne by 0635 GMT. Earlier in the session, the prices shot up nearly 111%, to a record $101,365.