Nickel above USD 18,000/MT: Prices simply ignore the threshold that cannot be exceeded
The LME nickel prices, whose swan song was once again driven by the media, had already simply crossed the unbreakable threshold of USD 18,000 per tonne on Thursday and remained positive at just under USD 18,100 at the start of trading today, Friday. Prior to this, Asian nickel futures on the SHFE had already risen by more than 1.9% and most recently stood at almost USD 19,200 per tonne.