Nickel Hits New High Surging 90%

The video discusses the unprecedented spike in nickel prices due to supply risks from Russia, highlighting the impact on the metals market. It explores nickel's significance in EVs and stainless steel, with concerns over high-grade nickel supply from Russia's Norliss Nickel. The global dependency on resources from Russia and Indonesia is examined, alongside the challenges in soft commodities, particularly wheat, due to geopolitical tensions and environmental factors.

What percentage of global nickel supplies does Russia account for?

• 70%

• 50%

• 6%

• 16%

Which country is the world's largest supplier of nickel?

• Russia

• Brazil

• China

• Indonesia

What is a major concern for the market regarding Russian nickel?

• Low quality

• Lack of demand

• Potential sanctions

• Overproduction

What has been a limitation on US and Latin American exports to Europe?

• High tariffs

• Currency fluctuations

• Preference for organic products

• Lack of transportation

What percentage of the world's wheat trade is accounted for by Russia and Ukraine?

• 75%

• 10%

• 25%

• 50%