Network Metals LLC

Vladimir Putin yesterday signed back into law a progressive export duty on Russian nickel, another reflection of how much things have recently turned around for the nickel industry. This doesn’t necessarily indicate that nickel’s long-term future is becoming more secure, but the fact that LME nickel futures are around $20,000 per metric ton again at least suggests that governments will again begin to take a piece of exports similar to what they were taking in 2008.