Resolves YES if the official London Metal Exchange (LME) settlement price for nickel on April 1, 2026, exceeds 8500 USD per tonne. This market captures the potential price impact from the temporary halt in nickel ore exports by Papua New Guinea, which may tighten global nickel supply chains and push prices higher. Prices are taken directly from the LME official daily settlement price. The threshold of 8500 USD/tonne is near current market expectations given supply constraints and demand trends as of early 2026.

The temporary halt in nickel ore exports by Papua New Guinea can impact global supply chains, specifically increasing pressure on nickel resource availability and influencing nickel futures pricing.

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