How lonq will nickel rally last?

The article discusses the impact of new US and UK sanctions on Russian metals, particularly nickel, and how it may affect nickel prices, stainless steel production, and market balances. The article also highlights the increase in stainless steel production in China, Indonesia, and India, as well as the challenges faced by mills in the US and Europe due to excess stainless steel capacity in Asia. It mentions the strategic diversification of nickel sources by the London Metal Exchange (LME) and the growing production capacities in Indonesia and China as factors that may stabilize market dynamics and mitigate disruptions. [Extracted from the article]