Nickel prices on the Asian SHFE have continued to rise today and have risen by up to 1.8%. Nickel prices on the European LME also rose by more than 1.5% shortly after the start of trading and have since risen by more than 2.4% to over $15,400 per tonne.
The price of LME nickel has risen by more than 9.7% since 9 April 2025. This should already classify the reports of price cuts in stainless steel, which were desperately scattered by some sources this morning, as outdated and no longer relevant.
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