After 16 years, Vale’s big nickel bet is looking like a winner
In the heady days of the 2000s commodities supercycle, Vale made a $17 billion bet on a metal used mainly to make stainless steel.
With eye on metal prices, US cautious on possible sanctions of Usmanov companies
The United States last week imposed sanctions on the billionaire…
LME halts nickel trading after unprecedented 250% spike
The frenzied move was the largest-ever on the LME.
Nickel price surge past $100,000 leaves big short with big trouble
The ferocity of the price action over the last 24…
Nickel price surge may have Vale reworking its base metal calculations
Prices have doubled in the past five trading days as…
