Nickel soaring, LME influence and too little liquidity17 November 2022 – A lot of volatility in nickel contracts after they had recently risen by almost 40%. Was the lack of liquidity on the LME nickel market to blame? Or the LME itself? Emptying stainless steel stocks in China, strong ferronickel and nickel pig iron demand and lack of supply are driving prices. Scrap in short supply in Italy, prices rise. And is Outokumpu possibly planning a takeover? Source