LME finds bags of stones instead of nickel in metal warehouse. $500 Million fraud
LME finds bags of stones instead of nickel in metal warehouse. pic.twitter.com/FmgA3FhJld — Wall Street Mav (@WallStreetMav) March 17, 2023
nickel
More trouble in the NICKEL Market, $577 million commodity loss
The commodities trading giant discovered some of the metal cargoes it bought were missing nickel 🚨 Crazy story pic.twitter.com/cZ6obFNqhF — Wall Street Mav (@WallStreetMav) February 10, 2023 Source: https://t.co/c54f7J6Kv4 — Wall Street Mav (@WallStreetMav) February 10, 2023 Trafigura has begun …
Yahoo Finance: Nickel’s Wild Moves Continue as LME Futures Jump by 15% Limit
View post on imgur.com https://finance.yahoo.com/news/nickel-rises-lme-market-continues-083348396.html https://news.bloomberglaw.com/securities-law/nickels-wild-moves-continue-as-lme-futures-jump-by-15-limit h/t dr0id
JP Morgan is the largest counterparty to nickel trades.
About 50,000 tons of Xiang Guangda’s total nickel short position of over 150,000 tons is held through an over-the-counter position with JPMorgan, according to people familiar with the matter. Based on that figure, the tycoon’s company, Tsingshan Holding Group Co., …
Russia warns the West: our sanctions will hurt you – Are Palladium and Nickel Sanctions incoming?
by ScipioAtTheGate The Russian government today warned that it was working on a retaliatory response to US energy sanctions on Russia. So that begs the question as to what Russian can actually do to hurt the US economy. The only answer …
Nickel, used in stainless steel and electric-vehicle batteries, surged as much as 250% in two days to trade briefly above $100,000 a ton early Tuesday.
https://finance.yahoo.com/news/lme-suspends-nickel-trading-unprecedented-082125655.html (Bloomberg) — The London Metal Exchange suspended trading in its nickel market after an unprecedented price spike left brokers struggling to pay margin calls against unprofitable short positions, in a massive squeeze that has embroiled the largest nickel producer …
What Inflation? Export Prices Rise 17.4%, Import Prices Rise 10.8% (Copper And Nickel Fall 4%)
by confoundedinterest17 Ahead of The Federal Reserve meeting today, here are some interesting numbers that they won’t consider. 🙂 The US export price index (end use) for all commodities for 17.43% year-over-year in May. The import price index rose 10.83%. We …