Resolves YES if the London Metal Exchange (LME) official settlement price for nickel on April 1, 2026, exceeds 9500 USD per tonne. The LME price is a widely recognized benchmark for global nickel pricing and will reflect market reactions to supply disruptions such as the Papua New Guinea nickel ore export halt. This threshold is near current market expectations given ongoing supply constraints. Only the official LME closing price on the settlement date counts; intraday prices or futures contracts do not resolve this market.

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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