Asian nickel prices continue rally – Stainless Espresso

10 February 2025 – Nickel prices on the SHFE, LME and on the spot market have only known one direction for weeks: upwards. At the start of the week, SHFE contracts once again rose sharply. At the same time, nickel ore prices have risen by almost 20 % since the beginning of February. Meanwhile, the German steel trade is proving resilient: Sales remained stable in 2024, while inventories fell to a three-year low at the end of the year. Source