London nickel prices rose on Monday to their highest in more than a decade, boosted by low inventories, while investors were cautious over the Ukraine tensions.
US President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, the French leader said, offering a possible path out of one of the most dangerous European crises in decades.
Three-month nickel on the London Metal Exchange was up 0.8 percent at $24,335 a ton, after hitting $24,545 – its highest since August 2011.
