Russia’s invasion of Ukraine has had a substantial impact on a number of commodity markets, including metals markets. Nickel, for example, earlier this year reached prices not seen since 2007 and at the time of writing is still at a level last reached 10 years ago.
Price shocks such as these are impactful now, but for key markets such as Europe, high prices will be felt more in the future given their role in the low-carbonenergy transition. Notably for metals used in batteries, including nickel, and rare earth metals, for which demand is expected to rise markedly.
Learn more here