NIC - General discussion, page-766

Below is the likely reason for the little surge in the price of nickel last week. Sanctions were not applied to Russian nickel and it's maybe already come off the boil. As I tried to say in my too cryptic reply to Rosencrantz, maybe it will be better anyway to keep the screws on the less efficient producers a bit longer - to help NIC come to the fore.

MINING.COM

February 23 2024
Aluminum slid and nickel pared earlier gains after a package of US sanctions omitted any major curbs on Russian industrial metals.

The action announced on Friday included measures against more than 500 people and entities linked to Russia’s war machine, but left the country’s base metals industries unscathed. The two metals had been buoyed this week by expectations that the package might put pressure on supplies.