Since the outbreak of the conflict between Russia and Ukraine, the prices of various commodities have been soaring, and LME nickel, which soared some time ago, has been dubbed "devil nickel". So why can "demon nickel" be a demon? This is mainly because of the uncertainty of Russian nickel supply, but it is also inseparable from investor speculation. However, when the hype ended, LME nickel industry began to "collapse" mode.
Nickel is a hard, ductile and ferromagnetic metal with high polishing and corrosion resistance. Nickel belongs to the iron-loving element. The inner core is mainly composed of iron and nickel. In the crust, ferromagnesian rocks contain more nickel than silicoaluminous rocks, for example, the nickel content of peridotite is 1000 times that of granite, and that of gabbro is 80 times that of granite.