indeed rumours ‘reports are that a lot of the LME nickel spike was related to unwinding of hedges in the 20-25k/t range. Reported as related to tjingshan and as much as a usd8B loss. I am not sure how all that can be verified but the spike happened and lme intervention was unprecedented.
indeed rumours ‘reports are that a lot of the LME nickel spike...
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