Nickel And Stainless Price Have Plummeted, Other Metals Also Sharply Lower; Plastic Resin Prices Also Fall

Since peaking in March following Russia’s invasion of Ukraine, all four major industrial metals have experienced falling prices. Nickel prices dropped almost 40% between early June and mid-July, recovered some, but then have trended lower again since early August, according to London Metal Exchange three-month futures contract data reported by MetalMiner. This has led prices of…