Shot across the bow for battery metals
Historic nickel debacle reveals EV revolution vulnerabilities Metal Tech News – March 16, 2022
Last updated 7/12/2022 at 1:57pm
Rising demand, tight supply, war, and a short squeeze on a China-based stainless steel titan came into perfect alignment to rocket the price of nickel to historic heights.
The price for a pound of nickel soared nearly 250% over two days to a brief altitude above US$100,000 per metric ton, or US$45 per pound, on March 7. This prompted the London Metal Exchange to halt trading of the battery meta...