Day drinking, 'Big Shot' and billions of dollars: How the nickel market imploded

When a trade jumps by 250% over the course of days, investors typically pop bottles of champagne. Between Friday, March 4 and Tuesday March 8, nickel futures did just that — soaring on the London Metals Exchange from about $29,000 to $100,000 per ton. But the champagne remains corked, investors are threatening to sue and the LME is hemorrhaging business.

(SOURCE) https://www.cnn.com/2022/04/02/investing/nickel-short-squeeze/index.html

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