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Barometer

Which European countries are most reliant on Russian gas?

12 March 2022

9:00 AM

12 March 2022

9:00 AM

High commodity

Nickel trading was suspended this week after prices rose to over $100,000 per tonne – double its previous peak of $50,000. How do other commodity prices compare with their peaks since the 2008 financial crisis?

Previous peak

Silver $43

Brent crude $140

Gold $1,853

Aluminium $3,124

Tin $33,015

This week

Silver $26

Brent crude $139

Gold $2,050

Aluminium $3,849

Tin $50,025

Short squeeze

The extraordinary rise in nickel prices was partly caused by a ‘short squeeze’, where investors try to exploit bets by other traders that prices would decrease.

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