Nickel trade falls silent in throwback to LME’s darkest days
The LME was moving to restore order in a market gripped by a classic short squeeze, driven by a panicky move by the world’s largest nickel producer.
Canada Nickel nearly doubles bought deal public offering
Net proceeds of this financing will be used to repay its current loan with Auramet, and for advancing its flagship Crawford nickel sulphide project.
Nickel price spike “purely financial” but Tsingshan effect could linger
Nickel price plunges in Shanghai following historic short squeeze on Chinese stainless steel giant in London.
Electric vehicle push bumps up against chaos in nickel market
A global push among automakers to expand their lineups of electric vehicles just got a lot more expensive.
Wild nickel market may get relief from Indonesia’s higher output
The country is set to add 393,000 tonnes to 400,000 tonnes of nickel in metal output capacity this year.
Contracts shield Asia’s EV battery makers from nickel surge, for now
Nickel prices doubled on Tuesday to more than $100,000 per tonne.
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.
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 hours speaks to a forced liquidation of positions, a buy-back in a liquidity vacuum, writes Andy Home.
Nickel price surge may have Vale reworking its base metal calculations
Prices have doubled in the past five trading days as intensifying fears over Russian supplies leave buyers exposed to a historic squeeze.
