Google my friend. Reports were everywhere over the weekend.
Exactly. Nobody wants to actually pay that amount for the Nickel. So what's the nickel actually worth? How much therefore needs to be delivered? Where does the buyer then move that excess supply too? What does that do to the price? What does that then do to the agreed price for delivery?
There is a fair bit going on here.
LME Nickel Price, page-46
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80.0¢ |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 80.5¢ | 104000 | 3 |
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