Nickel Price Squeeze at Gabriella Raiwala blog

Nickel Price Squeeze. The price of nickel, which typically moves a few hundred dollars per day, went vertical on monday and reached a price of $100,000. Nickel’s 250 per cent price spike in little more than 24 hours plunged the industry into chaos, triggering billions of dollars in losses for traders who bet the wrong way and leading the london. The london metal exchange suspended trading in one of its main contracts after a vicious “short squeeze” sent the price of nickel soaring and left a chinese metals tycoon facing. Nickel’s massive price spike plunged the industry into chaos—triggering billions in losses for traders who bet the wrong way. This implied a rise of almost 250% in 24. The nickel price surged 250 per cent after a short squeeze. A short squeeze had sent the price of the metal above $100,000 per. The exchange has faced fierce criticism of its decision to suspend the market last week following a significant short squeeze. Two years ago, the london metal exchange made the unprecedented decision to cancel $12bn of nickel trades. Tsingshan holding group faces losses of up to $us8 billion. It is unclear when the london metal exchange will allow nickel to be traded again.

Inside Nickel’s Short Squeeze How Price Surges Halted LME Trading
from www.bloomberg.com

Nickel’s 250 per cent price spike in little more than 24 hours plunged the industry into chaos, triggering billions of dollars in losses for traders who bet the wrong way and leading the london. The price of nickel, which typically moves a few hundred dollars per day, went vertical on monday and reached a price of $100,000. The exchange has faced fierce criticism of its decision to suspend the market last week following a significant short squeeze. Two years ago, the london metal exchange made the unprecedented decision to cancel $12bn of nickel trades. The nickel price surged 250 per cent after a short squeeze. This implied a rise of almost 250% in 24. Nickel’s massive price spike plunged the industry into chaos—triggering billions in losses for traders who bet the wrong way. It is unclear when the london metal exchange will allow nickel to be traded again. The london metal exchange suspended trading in one of its main contracts after a vicious “short squeeze” sent the price of nickel soaring and left a chinese metals tycoon facing. Tsingshan holding group faces losses of up to $us8 billion.

Inside Nickel’s Short Squeeze How Price Surges Halted LME Trading

Nickel Price Squeeze Nickel’s 250 per cent price spike in little more than 24 hours plunged the industry into chaos, triggering billions of dollars in losses for traders who bet the wrong way and leading the london. A short squeeze had sent the price of the metal above $100,000 per. The exchange has faced fierce criticism of its decision to suspend the market last week following a significant short squeeze. This implied a rise of almost 250% in 24. Tsingshan holding group faces losses of up to $us8 billion. Nickel’s massive price spike plunged the industry into chaos—triggering billions in losses for traders who bet the wrong way. It is unclear when the london metal exchange will allow nickel to be traded again. The london metal exchange suspended trading in one of its main contracts after a vicious “short squeeze” sent the price of nickel soaring and left a chinese metals tycoon facing. Two years ago, the london metal exchange made the unprecedented decision to cancel $12bn of nickel trades. Nickel’s 250 per cent price spike in little more than 24 hours plunged the industry into chaos, triggering billions of dollars in losses for traders who bet the wrong way and leading the london. The price of nickel, which typically moves a few hundred dollars per day, went vertical on monday and reached a price of $100,000. The nickel price surged 250 per cent after a short squeeze.

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