Nickel surges to best since 2015 on promise of electric-car boom

Nickel rocketed to a two-year high in London and climbed by the daily limit in Shanghai, as investors bet on a long-term boost to demand from the rise of electric cars. Prices advanced as much as 3.9% to $12,780 a metric ton on the London Metal Exchange, the highest since June 2015, before trading at $12,590 a ton by 10:44 a.m. in Singapore. That adds to a 5.3% gain on Tuesday, after Trafigura Group Pte joined Glencore Plc in unveiling bullish usage forecasts. The metal was up 4.3% in Shanghai.