Nickel prices broke through the USD 19,000 mark at the start of trading on the LME and are currently up by more than 3.5%. And stainless steel prices in Asia continue to rise in response to the current market situation.
The political and economic developments, but also the shortage of nickel ore stocks in Asia and the problems with nickel mines in Brazil and New Caledonia, have caused prices for the important battery and stainless steel raw material to jump back above USD 19,000/MT at the start of trading on the LME today.