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NICKEL PRICING SKYROCKETING... TRADING HALTED ON THE LME
Posted by PipingNow.com on Mar 8th 2022
Nickel pricing skyrocketing... Trading halted on the LME
PipingNow is closely monitoring the rapidly changing stainless market. Pricing isn't our only concern. Supply shortages are predicted across all product groups. Deliveries may be extended. Order early for your critical needs.
From Yahoo Finance:
"Nickel has skyrocketed above $100,000 (£76,211) a ton thanks to a short-squeeze on the London Metal Exchange (LME), and supply concerns from Russia.
The price of the commodity, which is used in stainless steel and lithium-ion batteries, more than doubled on Tuesday, following a 70% rise on Monday, with traders with large short positions racing to cover their positions."
Complete article: https://news.yahoo.com/commodity-london-metal-exch...
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