Russia-Ukraine War Skyrockets Nickel Prices
By Brian Zhao (Image: creative common license) The Russian-Ukraine conflict has caused a number of supply chain disruptions in addition to obstructing the flow of goods, driving up product shortages, and creating severe food crises around the world. Even nickel, a relatively available commodity, has undergone unprecedented price changes. In March 2022, the London Metal Exchange suspended nickel trading due to its wild fluctuations caused by Russia’s invasion of Ukraine, which sent the market surging well over the $100,000 per tonne mark. The drastic increase of this raw material could wreak havoc for several industries that nickel supply is important…