DARK SECRETS: 2 - The Real Truth

Hedge funds line up lawsuits over nickel market chaos

THE LONDON Metal Exchange is facing possible lawsuits from hedge funds over the chaos in the nickel market that saw $4 billion of trades suddenly cancelled.

Evening Standard · Mar 22, 2022

Nickel Hits Limit Down Again On London Metal Exchange, Falls 12%: CNBC

The benchmark three-month nickel contract fell 12% on Friday morning to hit a new trading limit, as heavy selling continued on international metal markets, reported CNBC. The price hit $36,915 a metric ton as it opened for trade, stated Refinitiv data. The London Metal Exchange, which still has some open outcry trading, has…

Benzinga · Mar 18, 2022

Nickel Electronic Trading Halted As LME Hit By Glitch: Bloomberg

Nickel electronic trading halted minutes after it restarted at The London Metal Exchange (‘LME’), citing a technical issue with its new daily limit, as prices plunged when the market opened after a week-long suspension, 

Benzinga · Mar 16, 2022

Russia-Ukraine Crisis Could Dampen EV Ambitions Of Tesla, Ford And Others: FT

Russia's attack on Ukraine has highlighted concerns about oil dependency and petrol prices just as EV manufacturers look to deliver a wide range of greener cars, Financial Times reports.  Ukraine is a significant producer of the miles of cables and connectors that power many cars' electrical systems. Russia's importance as the…

Benzinga · Mar 9, 2022

Nickel Markets Hit Pause As China Also Suspends Trading After Manic Surge In Prices

Shanghai Futures Exchange, China’s top commodity bourse, has paused nickel trading after prices hit their upper limit, a day after a similar surge prompted the London Metal Exchange to take similar action, Bloomberg News 

Benzinga · Mar 9, 2022

Nickel chaos goes silent as China also hits pause on trading

Nickel futures are not trading anywhere in the world on Wednesday, after prices in Shanghai hit their daily upward limit in the wake of unprecedented moves and a trading suspension on the London Metal Exchange.

Bangkok Post · Mar 9, 2022

Carmakers face higher costs and supply issues as price of nickel soars

London Metal Exchange suspends nickel trading as Russia-Ukraine crisis causes market panic

The Guardian - UK · Mar 8, 2022

Russia Impact - London Metal Exchange Suspends Nickel Trading After 250% Price Spike

The London Metal Exchange (LME) halted Nickel trading on Tuesday after prices doubled to a record $100,000 per tonne, fuelled by a race to cover short positions after Western sanctions threatened supply from major producer Russia, 

Benzinga · Mar 8, 2022

London Metal Exchange halts nickel trading as war in Ukraine sparks ‘unprecedented’ price moves

Nickel briefly rose above $100,000 a ton this morning, more than doubling in what is the biggest price move in LME history

Evening Standard · Mar 8, 2022

Oil rallies as US and UK announce bans on Russian oil imports – business live

Rolling coverage of the latest economic and financial news

The Guardian - UK · Mar 8, 2022