What impact will Russia's invasion of Ukraine have on the nickel market?

Russia's invasion of Ukraine has put nickel under the spotlight because Russia accounts for around 6% of global refined output. So as market participants closely watch events unfold in Ukraine, what supply disruption could arise as a result of the conflict and what effect will that have on prices?

Stronger LME nickel and weaker SHFE nickel prices

Nickel futures prices both on the London Metal Exchange and Shanghai Futures Exchange have strengthened following Russia’s invasion of Ukraine on 24...


Sally Zhang

March 01, 2022

09:54 GMT