LME NICKEL PRICE

Aluminium prices surged to two-year highs driven by supply constraints in China and demand optimism. The domestic market followed suit, gaining over 15% this year despite a slide in other industrial metals.

Copper prices fell on Monday due to weaker-than-expected industrial output in China and a stronger U.S. dollar. Three-month copper on the London Metal Exchange dropped 1.1% to $9,637 per metric ton, while the most-traded July copper contract on the ...

London copper prices hit a five-week low due to a strong dollar and weak physical demand, affecting LME and SHFE markets.

Record copper prices are driven by Chinese stimulus, mine supply concerns as well as green demand. MCX and LME futures surge. The Chinese 1 trillion yuan stimulus has boosted industrial metals demand for electric vehicles, renewable energy, and powe...

Looking ahead, as prices are hovering near multi-year highs, there are chances of a technical correction, but such moves are unlikely to set into major liquidation. Since the supply-demand dynamics are supportive of prices, the ongoing positive sent...

But the sanctions will still reverberate through metals markets because of the LME's central position at the heart of the industry. Its prices are used as a benchmark and referenced in a huge number of contracts around the world, and many buyers vie...

ICICI Securities' Analyst, Amit Dixit, examines the impact of Russian metal bans on commodity prices, emphasizing short-term fluctuations and the evolving steel sector in India amidst changing global dynamics. He says: "There would be ways and means...

But there are disagreements about the broader impact of the move: Some argue that removing one of the largest producers from the market will drive prices higher, while others are focusing on the prospect of a flood of old Russian metal getting dumpe...

Peter McGuire predicts silver to outperform gold, driven by underinvestment and industrial demand. Geopolitical tensions could push crude prices higher, while Bitcoin's volatility continues amidst stable USD index. The economic outlook for the secon...

Cocoa futures have surged as poor harvests in West Africa, where most of the world’s beans are grown, sparked a third year of shortages.

The programme, which received little attention after it was announced on a Pentagon website in October, is part of Washington's broader efforts to jumpstart US production of critical minerals used in weapons manufacturing and the energy transition.

India is looking to fix the value of lithium and rare earth elements (REEs) found in the country; domestic lithium prices will be linked to weekly prices for lithium hydroxide monohydrate published by the London Metal Exchange. Currently, there is n...

The LME has come in for understandable criticism that it waited too long to suspend the nickel market. The exchange's compliance department, which has unique insight into trading flows, should surely have seen that something ugly was brewing.

Commodity traders remain too big to be ignored — and a possible source of big trouble if left unattended.

Besides suspending nickel trading for only the second time in its 145-year history, the LME also cancelled all trades on March 8 and extended deadlines for those with obligations to deliver physical metal against its contracts.

The LME, which clears all trading of its metals contracts, said on Friday it was raising margin requirements for nickel contracts by 12.5% to $2,250 a tonne. The extra charge kicks in at close of business on Tuesday, March 8.

"The LME has taken this decision on orderly market grounds," the exchange said in a statement, adding that "trading will be disabled in LMEselect, and nickel trading will not be permitted on the Ring."

Russia supplies the world with about 10% of its nickel needs, mainly for use in stainless steel and electric vehicle batteries.

Along with increased stainless-steel production, depleting inventories across exchanges hinted at potential tightness in the global Nickel market.