Nickel futures up almost 30% since mid-July 20221 August 2022 – Nickel prices have been rising again for a fortnight. On the LME already by about 30%. On the SHFE even more. The new state-owned commodity giant China Mineral Resources Group is to consolidate China’s purchasing power on the global commodity markets with a starting capital of approx. 3 billion USD – first nations are already showing concern. And the first large shipments of Russian steel to India are causing buyers new concerns about Western sanctions. Source