SMM

Nickel prices rose sharply last Friday. During the night session on May 16, nickel prices broke through 150,000 yuan/mt and reached a peak of 154,690 yuan/mt on May 17, finally closing at 153,460 yuan/mt, up 4.67% compared with the last trading day and approximately 6.01% WoW, which was primarily contributed to the slow RKAB approval.