Aluminum and nickel prices rose sharply on the back of the Russian-Ukrainian conflict. Stocks of both metals have decreased significantly by now, and in these conditions there is a risk of reduction of their export volumes from Russia due to the sanctions imposed by Western countries. Since the beginning of the week, aluminum went up by 5.7% and nickel - by 7.2% on the London Metal Exchange. Last night the former was trading at $3576.00 per tonne, up 2.58%, the latter at $25,990.00, up 2.52%. Both metals in the first two months of this year have already beaten their highest values in more than 10 years. Goldman Sachs expects aluminum prices to rise to $4,000 a ton over the next 12 months. According to the bank's February forecast, its average price this year will be $3450 - a level that has now been surpassed. Aluminum shipments from Russia account for 6% of the world's volume and nickel for 7%. Stocks of the former on the London Metal Exchange reached their lowest point for the last 3 years, the latter more than halved compared to March last year.