Nickel is one of the most versatile metals currently available. It is resistant to high temperatures, corrosion, and oxidation, among other features, making it a key component in a wide variety of everyday objects. Nevertheless, one thing this essential metal is not impervious to, as everyone has learned over the last couple of years, is global supply chain disruptions. This has become particularly apparent today in light of the Ukraine-Russia War and the international sanctions imposed on Russia as a result. World events today have therefore effectively cut off one of the leading sources of nickel to the global market which has resulted in a spike in prices of nearly 400% in a single day on the London Metal Exchange before trading was suspended. These record surges have drastically impacted the global nickel market, and by extension a wide array of related industries around the world.
Have you read this article? Click here to view in full