MarketsInsider/Harry Robertson/3-166-2022
“The chaos in the nickel market resumed Wednesday, as prices instantly fell 5% and the London Metal Exchange was forced to suspend trading due to a glitch just minutes after reopening from a rare week-long break.”
USAGOLD note: Thursday morning, nickel opened down the 8% limit. Chaos, messy volatility, absolute craziness – all descriptions that apply to the situation in the nickel market. The LME is struggling to maintain confidence in its ability to host a market for some of industry’s most vital commodities.
Nickel price
(%, year to date)
