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The West’s hybrid war against Russia could boost nickel exploration in Brazil

RIO DE JANEIRO, BRAZIL - Brazil, which has the third-largest nickel reserves in the world, could prove to be an alternative for investment in this sector, which is experiencing a scenario of record prices and great uncertainty following the start of the West's Russia "canceling".

At the beginning of March, the international nickel price reached US$100,000 per ton for the first time in history, reflecting the increased risk for Russia, which now accounts for 10% of global production.

Negotiations were interrupted on the London Commodity Exchange, but still, the metal closed above US$48 thousand (R$230 . . .

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