Harita Nickel raises $659 million in Jakarta IPO priced at top

The rates are up 14.3% from $70 per tonne and seven cents a pound in the first quarter.

Getting to the bottom of who did what, when, and why, could take months or years.

The LME suspended nickel trading on March 8 after prices spiked by more than 50%.

The market has remained in near-paralysis, even on days when prices have been trading within the 15% daily limit.

Fitch Ratings said the costs of iron ore and coal were likely to remain high in 2022.

The deal comes at a time of surging raw materials prices, exacerbated by the invasion of Ukraine by Russia.

The scheme aims to exclude gold linked to violence and crime from the mainstream market.

Weaker gold price can be attributed to the US dollar, which is continuing to appreciate, an analyst said.

Low stocks and falling liquidity may be a harbinger of what the LME market will look like in a couple of months time, writes Andy Home.