London aluminum and nickel prices soared! LME faces the most tense day after the "demon nickel storm". On Monday, London aluminum and nickel prices surged after the market reacted strongly to the new trade restrictions on Russian aluminum, copper, and nickel announced by the US and the UK. Market data shows that London aluminum rose by as much as 9.4% in early trading, the largest increase since the current contract form was introduced in 1987, while London nickel also surged by as much as 8.8%.
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