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The nickel price crash and the road to recovery in Australia
The global nickel market has been volatile for years now. The price rollercoaster of 2022 saw prices for the metal soar, plummet and then soar again in the space of eight months. This instability prompted the London Metal Exchange (LME) to suspend nickel trading altogether in March 2022, when global prices initially rallied more than 250% in one day, and later to begin “enhanced monitoring” of nickel to ensure trading activity was fair and to prevent market distortion. More recently, the nickel market has experienced an unprecedented, drawn-out price slump that has put operations around the world – and ... (full story)