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Nickel Prices Log Best Week In Over A Year As Riots In New Caledonia Spark Supply Concerns
Nickel prices on the London Metal Exchange just had their best week in nearly a year and a half. The surge comes as social unrest rocks New Caledonia. A new report highlighted last week about surging demand for base metals driven by the clean energy push, as well as central bankers hinting at interest rate cuts. This has fueled an upswing in nickel prices and commodity prices. Let's begin with the unrest and riots that have gripped the French Pacific territory of New Caledonia. Additional French troops, including elite security forces, are en route to help authorities restore order. We outlined the latest on the ... (full story)