Nickel prices react to two partial shutdowns at Norilsk mines

Nickel futures prices in London rose on Wednesday February 24 after the world's top producer, Norilsk Nickel, announced it had suspended production at two of its mines: Oktyabrsky and Taimyrsky.

The London Metal Exchange three-month nickel price was recently trading at $19,660 per tonne, 1.5% higher than at the 5pm close on Tuesday February 23. The price has rallied significantly in February, currently...


Archie Hunter

Alice Mason

February 24, 2021

16:09 GMT