Stainless Espresso: Nickel price jumps more than 8% on dip-buying

May 20, 2022 – The nickel price on the LME exited trading yesterday (Thursday) up more than 8%. Dip-buying due to the current market outlook for commodities – scarcity, high demand and 800 billion investment in offshore energy alone by 2050 – is driving prices. Not only in Europe, but also in Asia, as a look at price developments on SHFE and DCE shows. And Indonesian minister confirms planned export ban for bauxite and tin in 2022. Source