-
Nickel Prices Rise on LME and SHFE
Nickel prices on the European commodity exchange LME rose sharply in the last week of August compared to the previous week. Prices on the SHFE are also moving upward. Meanwhile, thyssenkrupp is pushing for a weakening of the EU Emissions Trading System (ETS) – the steel giant wants the free allocation of CO2 certificates extended until 2050. Nickel prices on the European commodity exchange LME increased by more than 2.8% in the last week of August compared to the previous week, closing at USD 15,380/MT on Friday. SHFE nickel contracts ni2509 and ni2510 also gained up to 1.8% over the same period. At the start of ... (full story)