Nickel is key to everything from electric vehicles to lithium-ion batteries. But the market for it just imploded

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When a trade jumps by 250% over the course of days, investors typically pop bottles of champagne. Between Friday, March 4 and Tuesday March 8, nickel futures did just that — soaring on the London Metals Exchange from about $29,000 to $100,000 per ton. But the champagne remains corked, investors are threatening to sue and the LME is hemorrhaging business.
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April 03, 2022 at 03:28AM
#usa #unitedstates #unitedstatesofamerica #america #us #u_s

Published by Sarah Seearchett

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