Liberal Forum

The unprecedented 250% spike in nickel prices occurred on March 8, 2022, primarily due to a massive short squeeze in the nickel market. Several factors contributed to this extraordinary price surge:

1. Russian invasion of Ukraine: The conflict raised fears of disruption to nickel supplies, as Russia is the world's third-largest nickel producer, accounting for about 7.5% of global production (https://www.mining-technology.com/featu ... 2-markets/).
2. Tsingshan's massive short position: Tsingshan Holding Group Co., a major Chinese metals producer, had amassed a short position of over 150,000 tonnes of nickel, equivalent to about one-eighth of all outstanding contracts on the London Metal Exchange (LME).
3. Attempt to cover short position: As prices began to rise due to supply concerns, Tsingshan desperately tried to buy nickel to cover its short position, further driving up prices.
4. Market dynamics: The nickel market was already suffering from low liquidity, making it susceptible to large price swings based on relatively small changes in the physical market (https://www.mining-technology.com/featu ... 2-markets/).
5. Long positions entering the market: Major buyers like Volkswagen, Glencore, and JPMorgan took long positions in response to the geopolitical situation, adding upward pressure on prices.

The price of nickel surged from around $29,000 to over $100,000 per ton in a matter of days. The situation became so extreme that the LME suspended trading and canceled billions of dollars worth of transactions to prevent a potential market collapse

The S&P 500 fell more than 7% Monday, triggering circuit breakers that temporarily helped halt a further plunge.

The index hit the mandatory trading halt shortly after the open, stopping trading below that level for 15 minutes.

LowIQTrash » 28 Jun 2024, 2:21 pm » wrote: ↑

28 Jun 2024, 2:21 pm

The price of nickel surged from around $29,000 to over $100,000 per ton in a matter of days. The situation became so extreme that the LME suspended trading and canceled billions of dollars worth of transactions to prevent a potential market collapse 

Blackvegetable » 28 Jun 2024, 2:50 pm » wrote: ↑

28 Jun 2024, 2:50 pm

Im a KOOLs nigga.  

 

LowIQTrash » 28 Jun 2024, 2:23 pm » wrote: ↑

28 Jun 2024, 2:23 pm

TRIGGERING CIRCUIT BREAKERS THAT TEMPORARILY HELPED HALT A FURTHER PLUNGE

(2020)

Blackvegetable » 28 Jun 2024, 2:50 pm » wrote: ↑

28 Jun 2024, 2:50 pm

And?

Blackvegatble's hypcorisy summed up in one post: [/size]
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...

From which you are running...

Vegas » 28 Jun 2024, 3:08 pm » wrote: ↑

28 Jun 2024, 3:08 pm

Only an idiot like you wouldn't understand the point. He even underlined the point itself. 

**** moron.

Blackvegetable » 28 Jun 2024, 3:39 pm » wrote: ↑

28 Jun 2024, 3:39 pm

I don't  see how it's anything other than a failure of a "free market".

Blackvegatble's hypcorisy summed up in one post: [/size]
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...

From which you are running...

Vegas » 28 Jun 2024, 3:53 pm » wrote: ↑

28 Jun 2024, 3:53 pm

You don't see much of anything.

Vegas » 28 Jun 2024, 3:08 pm » wrote: ↑

28 Jun 2024, 3:08 pm

Only an idiot like you wouldn't understand the point. He even underlined the point itself. 

**** moron.

Sumela » 28 Jun 2024, 3:05 pm » wrote: ↑

28 Jun 2024, 3:05 pm

JuCo 5 percenter...72 “Show me the man and I’ll find you the crime” ~ LAVRENTIY BERIA "Try to get past your passionate ignorance and learn to accept what actually happened." ~ brown's unheeded words of wisdom If gender is not sex, why should a gender claim change what sex you shower with? "Libruls are often fascists on vacation..."

Sumela » 28 Jun 2024, 3:06 pm » wrote: ↑

28 Jun 2024, 3:06 pm

2 of the top 3 countries in nickel reserves.....BRICS.

Brazil
Russia

JuCo 5 percenter...72 “Show me the man and I’ll find you the crime” ~ LAVRENTIY BERIA "Try to get past your passionate ignorance and learn to accept what actually happened." ~ brown's unheeded words of wisdom If gender is not sex, why should a gender claim change what sex you shower with? "Libruls are often fascists on vacation..."

Warcok » 28 Jun 2024, 4:32 pm » wrote: ↑

28 Jun 2024, 4:32 pm

The pride of Brown 

JuCo 5 percenter...72 “Show me the man and I’ll find you the crime” ~ LAVRENTIY BERIA "Try to get past your passionate ignorance and learn to accept what actually happened." ~ brown's unheeded words of wisdom If gender is not sex, why should a gender claim change what sex you shower with? "Libruls are often fascists on vacation..."

Blackvegetable » 28 Jun 2024, 2:50 pm » wrote: ↑

28 Jun 2024, 2:50 pm

And?

LowIQTrash » 28 Jun 2024, 6:12 pm » wrote: ↑

28 Jun 2024, 6:12 pm

Refer to title please…

Blackvegetable » 28 Jun 2024, 4:18 pm » wrote: ↑

28 Jun 2024, 4:18 pm

Share your thoughts

Blackvegatble's hypcorisy summed up in one post: [/size]
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...

From which you are running...

walkingstick » 28 Jun 2024, 8:48 pm » wrote: ↑

28 Jun 2024, 8:48 pm

monopoly usa. charge what ever you want, mr buffet. /// competition? no problem the bank will loan mr buffet money to buy out all competition. raise prices and fire people to pay back bank loan. how sweet it is in free market place usa. in anyone complains, mr buffet moves company to china.

ROG62 » 28 Jun 2024, 5:21 pm » wrote: ↑

28 Jun 2024, 5:21 pm

and northern MN...

https://www.startribune.com/planned-min ... 600121263/

Sumela » 28 Jun 2024, 9:04 pm » wrote: ↑

28 Jun 2024, 9:04 pm

US is 5th in proven nickel reserves, but most requires expensive processing due to being low grade.  

Yer neck of the woods has this mothers-milk nickel.  

Bro....be on the lookout for the green-haired crazies tying themselves to excavators.

JuCo 5 percenter...72 “Show me the man and I’ll find you the crime” ~ LAVRENTIY BERIA "Try to get past your passionate ignorance and learn to accept what actually happened." ~ brown's unheeded words of wisdom If gender is not sex, why should a gender claim change what sex you shower with? "Libruls are often fascists on vacation..."