Nickel, palladium, and aluminum: Commodity prices soar

The war in Ukraine has led to severe distortions in the nickel market. On Tuesday, the price of a ton of the industrial metal rose by more than 50 percent to over $100,000 US at times. Trading on the London Commodity Exchange was then suspended – possibly for several days, the LME exchange said. Since Monday alone, the price has more than tripled at its peak. NickelCMNI3 is needed in particular for steel production.

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