ReutersNickel hits 10-week high on short-covering ahead of Russia sanctions
LONDON, Feb 22 (Reuters) -Nickel prices rose to their highest in 10 weeks on Thursday as concern over expansion of U.S. sanctions against Russia triggered covering of bets on lower prices of the metal used in stainless steel and electric vehicle batteries.Three-month nickel CMNI3 on the London Metal Exchange was up 1.6% at $17,195 a metric ton by 1125 GMT after touching its highest since Dec. 15 at $17,200 and breaking through the 100-day moving average of $17,052.
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