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 factors contributed to the recent spike in nickel prices?

How does the supply of Russian nickel impact the global market?

What percentage of nickel is used in stainless steel and electric vehicles?

Discuss the implications of sanctions on Russian nickel suppliers.

What are the concerns regarding wheat production mentioned in the text?