There's a lot going on in the world that can affect the price of...

There's a lot going on in the world that can affect the price of nickel. Russia for instance, which produces 9.3% of world's nickel according to a quick google, has just lost about half of its oil refining capacity due to war. This is likely to expand to encompass the vast majority if not all of their refineries and it is highly probable that war will also take out some of their mining and refining capacities as well such as nickel smelters etc. This will both diminish their capacity to pay for their war and impede their ability to manufacture weaponry. It's quite an easy task for Ukraine accomplish with the right weaponry with massive implications. Even if the smelters and mines are left untouched, they wil find it increasingly difficult and expensive to mine, refine and ship nickel without a reliable supply of fuel in the country. It's not all doom and gloom for the nickel price looking forward, plenty of things could happen to put a smile on everyone's dial.