LME says it saved nickel market from $20 billion ‘death spiral’
Mining News Pro - The LME on Monday provided its most detailed account yet of the historic short squeeze this year when prices soared 250% in little over 24 hours, in a filing outlining its defense against lawsuits from Elliott Investment Management and Jane Street.
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The 18 minutes of trading chaos that broke the nickel market
Mining News Pro - It was 5:42 a.m. on March 8 in London when the nickel market broke. At that time of day, bleary-eyed traders are typically just glancing at prices as they swig coffee on their way to the office.
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Nickel market eyes fate of Siberian metal as sanctions bite
Mining News Pro - The biggest risk in battery materials from Russia’s increasing economic isolation centers on supplies of top-notch Arctic nickel controlled by the country’s richest man.
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Nickel market caught up in fresh squeeze
Mining News Pro - Nickel’s biggest supply squeeze in more than a decade is drawing attention from the London Metal Exchange, as plunging inventories mean buyers are forced to pay massive premiums for immediately available metal.
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London nickel market tightens as China lifts imports
Mining News Pro - London Metal Exchange (LME) nickel stocks have been falling relentlessly since April of this year.
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Western Areas confident of strengthening nickel market
Mining News Pro - Western Areas has capitalised on strong nickel trading during the December quarter despite being impacted by lower grades at the Forrestania operations in Western Australia.
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ccreaps benefits of China’s nickel market squeeze
Mining News Pro - JPMorgan Chase & Co. made about $100 million trading nickel last year, according to people familiar with the situation, as it benefited from a price spike on the back of a Chinese-led supply squeeze.
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A Chinese steel giant is upsetting the global nickel market
Mining News Pro - Behind one of China’s biggest industrial companies is a husband and wife team that reinvented how to make stainless steel.
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Off The Wire Global nickel market deficit widens in September - INSG
Mining News Pro - The global nickel market deficit widened slightly to 9,200 tonnes in September from the previous month`s revised deficit of 8,100 tonnes, the International Nickel Study Group (INSG) said.
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INTL NICKEL CONF: Even with EV boom, nickel market supplied through 2021 Nornickel
Mining News - The global nickel market is expected to record a modest 70,000 tone deficit in 2018 on the back of strong stainless steel production growth, Denis Sharypin, Nor nickel head of market intelligence, said at Metal Bulletin’s International Nickel Conference in Toronto (May 31-June 1).
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Global nickel market remains short in supply for 2018
Mining News Agency - It is understood that stainless steel production expected to grow around 5% in 2018, while stainless steel nickel consumption remained growth.
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