The Epoch Times The prices of nickel and aluminum have spiked after Russia declared two pro-Russia areas in Ukraine as independent regions and moved troops into the country. Russia is a major producer of these two metals.
Aluminum prices, which were trading around $3,270 per ton on Feb. 21, jumped 3.67 percent to around $3,390 per ton on Feb. 22. Nickel, which was trading at $24,350 per ton level on Monday, surged 3.9 percent to $25,300 on Tuesday.
Since the beginning of the year, aluminum prices have increased 20 percent while nickel is up by 22.7 percent. At the London Metal Exchange (LME), aluminum prices broke through 13-year highs while nickel has hit its highest level since August 2011…
