Nickel trading on the London Stock Exchange has stopped after a 250% price explosion of more than $ 100,000 a ton.
Meanwhile, nervousness prevailed again today in the stock markets, in an inflationary context that is deteriorating with the constant rise in commodity prices while the geopolitical situation remains completely unpredictable.
Fears of a possible recession as a result of the war in Ukraine continued to put pressure on Asian stock markets: Tokyo fell 1.71%, Hong Kong 1.4% and Shanghai 2.4%.
In Europe, Paris recovered by 1.79%, Frankfurt by 1.36%, and Milan by 3.19%.
The price of a barrel of North Sea Brent continued to rise today, over $ 125. The barrel of American crude (WTI), delivered in April, was moving above $ 120.
The situation was the same for metals. Yesterday, the price for the European gas contract as well as that for wheat and metals reached new record levels.
The price of nickel continued its frantic trend today, slightly exceeding $ 100,000 per ton, as investors fear that Russia will no longer be able to export its production. In the face of this price spike, the London Metal Exchange (LME) was forced to suspend nickel trading this morning.
Follow Skai.gr on Google News
and be the first to know all the news
