Metal markets register new highs.
Aluminium and
nickel register a record price on the
London stock exchange, at about
$4,000 and $55,000 per tonne, respectively; nickel prices rose 90% on intraday trading.
Copper also recorded new highs, at $10,845 per tonne, while
palladium reached $3,440 per
ounce. Russia is a substantial producer of all of these metals, and the market expects shortages of these commodities as the country is hit by further sanctions.