Nickel Prices Finally Fall Following Historic Short Squeeze ...Middle East

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Nickel Prices Finally Fall Following Historic Short Squeeze
source : OILPRICE ( Middle East ) () 18
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…

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