Holding 20% to 30% of the world’s nickel reserves, New Caledonia’s economy heavily relies on its production. However, concerns over supply disruptions from New Caledonia, combined with sanctions on Russian metal, have pushed prices on the London Metal Exchange back above $20,000 per ton for the first time since September. Nickel is indispensable for manufacturing stainless steel and is crucial for low-carbon technologies such as electric vehicle (EV) batteries, wind turbines, and solar panels. ...