• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    nickel investing

    Nickel Price Climbs to Three-year High on Russia Sanctions Fears

    Scott Tibballs
    Apr. 18, 2018 04:40PM PST
    Base Metals Investing
    MCX:GMKN

    The price of nickel soared to a three-year high of US$15,275 on the back of fears that another round of US sanctions could include the base metal.

    Nickel has soared to new heights on the back of fears that US sanctions on Russian companies will expand to include the metal.

    On Wednesday (April 18), nickel reached a high of US$15,875 a tonne on the London Metal Exchange (LME), an increase of 12 percent. The base metal closed up 7.5 percent at US$15,275.

    Speculation that Russia’s Nornickel (MCX:GMKN), the second-largest producer of nickel globally, could face sanctions from the US government was the main factor supporting prices.

    ING commodities strategist Oliver Nugent told Reuters that Chinese traders had misread a headline about the LME delisting Nornickel brands.

    The exchange announced late last year that it would be delisting two brands from Nornickel for delivery against its futures contracts.

    “That decision (to delist Nornickel) was taken six months ago, it’s nothing to do with the sanctions but when you (spark) a technical rally these things run free,” said Nugent.

    According to ING analysts, investors may be nervous in the current economic climate given that aluminum has been flying high because of US sanctions against Russia’s UC Rusal (HKEX:0486).

    But according to some experts, the rise is due to real fears of sanctions, and not jitters over miscommunication.

    Colin Hamilton, managing director for commodities research at BMO Capital Markets, told Bloomberg that there’s “definitely some pricing in of the possibility that nickel will be incorporated” into sanctions against Russia.

    Russia accounts for 10 percent of the world’s supply of nickel, which is used in the production of stainless steel and batteries.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.

    mcx:gmknrussianickel investingbmo capital marketslargest producer of nickel
    The Conversation (0)

    Go Deeper

    AI Powered
    Seesaw diagram with "demand" outweighing "supply" on a chalkboard.

    Nickel Price Update: Q2 2025 in Review

    metal cylinders in a warehouse

    How to Invest in Nickel

    Latest News

    Cotec Holdings Corp. Notes Hypromag USA Project Update

    Insider Loan to Corporation

    A.I.S. Resources Signs Earn-In Agreement with Riversgold on the New Copper/Gold/Antimony Discovery at Saint John, New Brunswick

    Prismo Metals Identifies Porphyry Style Mineralization at Silver King

    Empire Metals Limited Announces Director/PDMR Shareholding

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    FPX Nickel

    FPX:CA

    Ni-Co Energy

    Ramp Metals

    RAMP:CC

    Grid Battery Metals

    CELL:CC

    Nordic Resources

    NNL:AU

    Canada Nickel Company

    CNC:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×