Nickel Prices Surge As UK Sanctions Major Russian Miner Nickel Prices Surge As UK Sanctions Major Russian Miner
Nickel prices jumped by 6% following news that the UK government has added Vladimir Potanin, Norisk Nickel’s president, to its list of sanctioned individuals.
Potanin, the board chairman for Moscow-based conglomerate Interros, holds a 35.9% stake in Norilsk Nickel.
Norilsk, one of the world’s largest single nickel producers, accounts for approximately 7% of the global supply.
The UK govern