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Why did the price of nickel suddenly rise in 2022?
Inventory continues to be sluggish. In 2022, the price of nickel rose sharply because: the continuous low inventory increased the market's anxiety about the nickel supply side; In 2022, Russia's local war against Ukraine increased the uncertainty of spot trade, aggravated the concern about the shortage of pure nickel supply, and made LME three-month nickel futures rise by nearly 20% in June 2022.