March 8, 2022, 4:21 PM GMT+8Updated onMarch 8, 2022, 11:57 PM 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 as well as a major Chinese bank. 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. The frenzied move -- the largest-ever on the LME -- came as investors and industrial users who had sold the metal scrambled to buy the contracts back after prices initially rallied on concerns about supplies from Russia.
CLA has ? an interest in a couple of nickel prospects in West Aust. If they still have them now is the time to farm them out or sell them.
March 8, 2022, 4:21 PM GMT+8Updated onMarch 8, 2022, 11:57 PM...
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.99M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $10.59K | 788.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1587186 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 6101003 | 4 |
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| CLA (ASX) Chart |