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Nickel prices rocketed more than 20% overnight to surpass $38,000 for the first time since June 2007 and zinc also set a 15 year high at $4,173 a tonne. While lead is clearly the laggard, tin continues to hit records with regularity on its way to $50,000 per tonne.
Australian export metallurgical coal reached $560 a tonne, also an all-time high as did thermal coal from Newcastle when it topped $400 per tonne. Benchmark iron ore prices advanced 20% over the last week to hit $162 a tonne.
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