Three weeks ago, a historic nickel short squeeze sent nickel prices soaring to an astonishing $100,000 per tonne--doubling the previous all-time high over the course of one morning--and plunged the London Metal Exchange into an existential crisis. The LME subsequently closed trading and took the dramatic step of retroactively scrapping $3.
9bn worth of trades made prior to the suspension--outlining the nickel market had become disorderly with prices no longer reflecting the underlying physical market. Luckily, some semblance of normalcy has…Nickel Prices Finally Fall Following Historic Short Squeeze
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