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Wow I assumed there already was sanctions against Russian nickel...

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jaybeejacks

280 Posts.

109

07/04/22

12:04

Post #: 60713380
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Originally posted by Mariemac: ↑

New sanctions.

”European officials said, including a ban on imports of Russian coal, slashing the access of Russian road and shipping goods carriers into the bloc, targeting oligarchs and their families and blocking some machinery exports.”

This will most certainly push Nickel prices higher for fear that Nickel may be next on the list if Coal (a commodity) is now being targeted.

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Wow I assumed there already was sanctions against Russian nickel and that's why the price had gone crazy. Now I learn these prices are without any sanctions at the moment.

If they do put sanctions on, how long do they last?

PAN Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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