In the News - Metals

[Scooterd]

LONDON, March 16 (Reuters)

The London Metal Exchange (LME) halted nickel trading on its electronic system almost immediately on Wednesday in a chaotic resumption of business for a market that has been in limbo for over a week.

The LME nickel market was suspended on March 8 after China's Tsingshan Holding Group bought large amounts of nickel, propelling the metal up more than 50% in a matter of hours.

[EricL]

Another excellent article from Doomberg.

Nickel In Front Of A Steamroller

[fenders53]

It's one of the crazier trades you will ever see.  I knew it was necessary for batteries but I never really considered nickel a precious metal until lately.  It's just about in that league.