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London nickel trading shows signs of recovery

The London Metal Exchange's (LME) benchmark nickel contract fell again today but for the first time since resuming trade on March 16 the contract did not hit its downside limit and metal was changing hands.

Business • 22 Mar 22

Australia has imposed an immediate ban on exports of alumina and aluminium ores, including bauxite, to Russia

Aluminium jumps on Russian supply worries, nickel down

Aluminium prices jumped more than 5% today after Australia banned the export of materials used to make the metal to Russia as part of its sanctions against Moscow for its invasion of Ukraine.

Business • 21 Mar 22

A worker secures a battery pack to a Volkswagen ID.3 electric car

Volkswagen efforts to secure e-battery materials supply

Volkswagen is to form joint ventures with Huayou Cobalt and Tsingshan Group to secure nickel and cobalt supplies in China, the world's largest car market, in a bid to slash costs at a time of surging raw material prices.

Business • 21 Mar 22

Russia accounts for about 10% of global nickel output

London Metal Exchange's three-month nickel falls 8%

The London Metal Exchange's benchmark nickel contract hit limit down at 8% when it opened today as traders sold on expectations of falling prices for the metal used to make stainless steel and electric vehicle batteries.

Business • 17 Mar 22

The London Metal Exchange is the world's oldest and largest market for industrial metals

Nickel trading resumes only briefly in London

Trading in nickel resumed this morning on the London Metal Exchange after a lengthy pause linked to the Ukraine crisis but was quickly suspended again after a sharp fall.

Business • 16 Mar 22

The London Metal Exchange halted nickel trading and cancelled all trades today in a rare move

LME suspends nickel trading as prices hit $100,000

The London Metal Exchange (LME) in an unprecedented move has halted nickel trading and cancelled all trades today as a race to cover short positions saw prices double in just hours to record highs above $100,000 per tonne.

Business • 08 Mar 22

A view of a nickel electrolysis workshop at the Kola Mining and Metallurgical Company in Russia

Carmakers face soaring metal costs, supplies at risk

Russia's invasion of Ukraine is ramping up the price of metals used in cars, from aluminium in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to foot the bill.

Business • 08 Mar 22