Aluminium and nickel climb on Russian supply angst
Aluminium and nickel prices headed towards multi-year highs on Monday due to escalating fears that reduced supplies from Russia would exacerbate existing shortages of both industrial metals.
A Russian invasion of Ukraine could mean sanctions against Russian firms which include Norilsk Nickel supplying about 10% of the world's nickel and Rusal accounting for around 5% of global aluminium supplies.