Lithium prices are sky-high, but not all battery metals are created equal: Nickel price, following rapid rise Russia Invades Ukrainelike the next victim of Europe’s energy disaster and economic recession.
The London Metal Exchange three-month contract is now trading at $22,782 a ton, down from around $34,000 in April. after the short-term tightening of March, which quickly pushed metal futures prices, used in stainless steel and batteries, to intraday highs of around $100,000/ton. More pain could be imminent: Goldman Sachs expects the price to drop to $16,000 in the next few months.
