It is known that the reason for the increase in LME nickel prices is the low nickel inventory and the demand for new energy vehicles. On November 14, LME nickel futures prices continued to rise, increasing by $1,915 and closing at $28,840/ton, while spot price also increased by $1,911 to $28,767/ton.
Existing nickel futures surged to $7,031, or 32.2%, this month.
The nickel price, which was $22,040/t last month, is $24,745/t this month.
Looking at the stock situation, LME nickel stock decreased by 132 tons to 50,172 tons.
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