The Left say everyone- the poor included - must run out and buy EV cars. Never mind the fact there’s no infrastructure support for them or there aren’t many cars for sale. You can’t build a sparky car without precious metals……
The London Metal Exchange (LME) cancelled nickel trading on Tuesday after an unprecedented 250% price spike triggered by Western sanctions against Russia.
Russia not only is responsible for about 10% of the world’s nickel production, but Moscow-based Norilsk Nickel (MCX: GMKN) is the biggest provider of battery- grade nickel.
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The London Metal Exchange (LME) cancelled nickel trading on Tuesday after an unprecedented 250% price spike triggered by Western sanctions against Russia.
Russia not only is responsible for about 10% of the world’s nickel production, but Moscow-based Norilsk Nickel (MCX: GMKN) is the biggest provider of battery- grade nickel.
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Nickel short seller could take $8 billion hit after price soars past $100,000 a tonne
A massive squeeze pushed nickel prices up by as much as 250%, the most extraordinary surge in the 145-year history of the LME.
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