Description
The Spot-Futures price of LME Nickel is compiled and published by the London Metal Exchange (LME). It serves as a benchmark for the pricing of nickel in both spot and futures markets. This indicator is crucial for assessing the supply and demand dynamics of nickel, which is widely used in stainless steel production and battery manufacturing. A higher spot price compared to futures may indicate a supply shortage, while a lower spot price could suggest a surplus.