Big Brother is watching you

The nickel price on the London Metal Exchange (LME) is holding up well – and so far successfully – against the general macroeconomic downward trend. It seems, therefore, somewhat surreal that the LME nickel market, precisely now, finds itself in a backwardation situation. This means that the spot price for immediate delivery is above the futures price (for example delivery in three months), despite good physical availability. In contrast to the 3 months future price, the spot contract is dealing with…

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Beverage can with side supports

The advance in nickel prices continues. Fired on by repeatedly new rumours about the export ban of Indonesian nickel ores, nickel continually reached new highs. In the middle of August, experts were of the opinion that a decision by the Indonesian President, Joko Widodo about the ban would not be made before October, the beginning of his second term of office. A short time later however, the media was reporting that the export ban was being brought forward…

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“Like Phoenix out of the ashes” or trivial

That Chinese people love going into casinos has not just been known since the James Bond films and the legendary gambling scenes, for example, in Macao, the Eldorado for gamblers in the Far East. But what is happening now on the nickel markets of the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) is more than breathtaking. After the boom…

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