Supply constraints and rising costs in ore processing continue to underpin nickel futures, with many analysts projecting Q3 averages above $18, This, too, is economic development — shelves filled with small engineering marvels that I can’t help but think can be useful to the military, as well. Jane Jacobs, in her landmark book, “Cities and the Wealth of Nations,” marveled at the ways in which innovation occurs, observing that breakthroughs can arise as the collateral benefits of toys; one thinks here of toy drones that Ukraine converted to the means of defense. ShFE is organizing a two-day meeting in Shanghai on Thursday and Friday for the metals industry where the nickel contract plans among other topics will be discussed, two other attendees speaking on condition of anonymity told Reuters . A surge in EV-related nickel demand projections has injected fresh energy into nickel futures markets, prompting options traders to price in higher volatility.