The EU has issued another ban, agreeing to ban the import of Russian aluminum. However, the market is still unclear about the long-term impact of current geopolitics on the metal, which ultimately led to mixed gains and losses in the London metal market overnight, causing nickel prices to break free from the downward trend and rise again. The final closing price for three-month nickel in London was 15,420 US dollars per ton, with a slight increase of around 0.5% during trading.

The EU envoy has agreed to ban the import of Russian primary aluminum in the 16th set of sanctions, which will be passed on Monday. EU diplomats have stated that the ban on Russian aluminum imports will be implemented in stages within one year after its official implementation. At the same time, the market is still concerned about Trump's threat to impose a 25% tariff on cars and semiconductor chips.

On the domestic front, the night market of Shanghai nickel futures first suppressed and then rose, closing slightly higher, with obstacles above the line of 124,000 RMB/ton line. The final reported price is 123,980 yuan /ton, with an increase of 200 RMB/ton or 0.16%.

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