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Nickel prices soar above $100,000 a metric ton as rare metal supply decreases due to war in Ukraine

Nickel prices soar above $100,000 a metric ton as rare metal supply decreases due to war in Ukraine

Nickel prices surged past $100,000 per metric ton on the London Metal Exchange in Tuesday's trading session before paring back to $80,000 prior to a trading halt. The spike in price comes as other global commodity prices like palladium, oil and gas soar under pressure from Russia's invasion of Ukraine.

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