How much does a tonne of nickel cost?

The LME nickel price chart showed that the metal started strongly at $20,700 a tonne in early January and continued its climb to $25,000 a tonne in the third week of February as tensions between Russia and Ukraine heated up. In addition, the drawdown on inventories did not show any signs of pausing, piling pressure on the already tight supply.

Why are nickel price lists inaccurate?

Second, nickel shortages and price spikes, due to many mine strikes, caused many consumers to lose trust in producer price lists. Third, market participants noticed that producer price lists were only accurate when demand was high and stock was low.

Will a short squeeze affect nickel prices?

That sounds dramatic, but it’s unlikely that you’d notice the ripple effects of this in the wider economy over the year ahead, and prices driven by a short squeeze of this sort tend to calm down rapidly. The rising cost of nickel won’t hit your hip pocket the way that the price of oil or wheat may well do. Here’s why: