The Energy Transition Will Transform The Mining Industry.

But how might transition metals markets cope? Authored by Robin Griffin, Anthony Knutson and Oliver Heathman in Wood Mackenzie’s metals & mining team. By 2050 the energy transition could see...

Trafigura’s Nickel Nemesis Was Already Notorious in Metal Circles

(Bloomberg) — When news broke that Trafigura Group faces more than half a billion dollars in losses from what it described as a “systematic fraud,” the biggest surprise for many market insiders ...

Nickel Products Trader Becomes China’s Latest Billionaire

The Hong Kong Stock Exchange in July 2022. Photographer: Paul Yeung/Bloomberg © 2022 Bloomberg Finance LP Today’s listing at the Hong Kong Stock Exchange by Lygend Resources & Technology, China’s ...

Nickel Products Supplier To EV Industry Poised To Become China’s Newest Billionaire

Nickel ore trader Lygend aims to list its shares at the Hong Kong Stock Exchange on Dec. 1. … [+] Photographer: Paul Yeung/Bloomberg © 2022 Bloomberg Finance LP Lygend Resources & Technology...

Nickel Digital, Metaplex and others continue to feel the impact of FTX collapse

Nickel Digital Asset Management is not the only company feeling the effects of FTX’s collapse and bankruptcy. NFT protocol Metaplex also laid off “several members of the Metaplex Studios team” due to ...

Nickel Digital has around $12 million stuck on hobbled crypto exchange FTX

Crypto investment firm Nickel Digital Asset Management has around $12 million of its funds’ capital stuck on FTX after the exchange halted client withdrawals and filed for bankruptcy protection....

Tarnished LME initiates tight monitoring as frenzy grips low-liquidity nickel

The London Metal Exchange’s nickel platform has been rocked by volatility this year, driven by a physical shortage of pure nickel, the sanction spree on Russia (which accounted for 17% of global produ...

The Shift To EVs Requires A Massive Expansion Of Battery Metal Mining

Electric cars charging in Berlin, Germany. Getty Images The ongoing transition away from fossil fuels will likely trigger shortages of some key metals used in electric vehicle batteries requiring hund...

Vale Posts Best Week in 20 Months on Metals Rebound, Nickel Plans

(Bloomberg) — Vale SA capped its best week since January last year amid a recovery in industrial metal prices and as investors welcomed the miner’s latest push to unlock value at its nickel and ...

Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel – Altcoins Bitcoin News

With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on August 28. Medi...

Nickel Asia’s Manuel Zamora Jr. And Philip Ang See Wealth Fall As Global Headwinds Hit Philippine Stocks

This story appears in the August 2022 issue of Forbes Asia. Subscribe to Forbes Asia Manuel Zamora Jr. (left) and Philip Ang Nickel Asia This story is part of Forbes’ coverage of Philippines’ Richest ...

Tycoon Whose Bet Broke the Nickel Market Walks Away a Billionaire

(Bloomberg) — By 2:08 p.m. Shanghai time on March 8, it was clear that Xiang Guangda’s giant bet on a fall in nickel prices was going spectacularly wrong. Most Read from Bloomberg Futures had ju...

Analysis: Elliott Management, Jane Street sue LME for nickel debacle

On the 8th of March 2022, prices of nickel futures spiked over 111% and were higher by over 250% in two trading sessions reaching historic highs of over $100,000 per metric ton on the London Metal Exc...

LME hit with another suit over the halting of nickel trading

The London Metal Exchange (LME) has been sued by another US firm just days after a hedge fund filed a $456 million suit against the platform. On Tuesday, Jane Street Global Trading filed a suit for $1...

London Metal Exchange hit with two U.S. lawsuits over nickel trading chaos

Traders operate in the Ring, the open trading floor of the new London Metal Exchange (LME) in central London. Matt Clinch | CNBC LONDON — A second U.S. firm has sued the London Metal Exchange for $15....

Elliott Management sues LME for $456M over nickel trading debacle

Hedge fund firm Elliott Management has sued the London Metal Exchange (LME) for $456 million over claims related to nickel trading. The company has filed its case against the exchange in a British cou...

LME faces Elliott Management’s US$456 million lawsuit for suspending nickel futures trading, cancelling trades

The London Metal Exchange (LME) has been sued in the British courts by affiliates of American hedge fund Elliott Management over its controversial decision in early March to suspend trading of nickel ...

Unless We Get Serious About Domestic Mining, America’s Electrified Future Is Impossible

The key metals and minerals in a battery of an electric vehicle all rely on mining. getty There are a lot of people who are convinced that in just a few short years, the U.S. will be powered completel...

Is Vale a buy after its latest low-carbon nickel deal with Tesla?

Vale SA (NYSE:VALE) announced a long-term deal to supply top electric car maker Tesla Inc (NASDAQ:TSLA). with Class 1 nickel. The company said it would supply the low-carbon from its operations in Can...

Rising Lithium Prices Could Stop The EV Revolution – Or Could They?

One of the guiding principles of the belief that electric vehicles will take over from internal combustion is the falling cost of batteries. From a pack price of around $1,200 per kWh in 2010, the pri...

The Battery Metal Really Worrying China Is Lithium, Not Nickel

(Bloomberg) — Most Read from Bloomberg Nickel has captured much of the limelight among battery metals in recent weeks, and understandably so. Wild price swings, including an unprecedented 250% a...

Russia-Ukraine War Helps Drive Nickel Prices, EV Headaches

Emily Pickrell, UH Energy Scholar NORILSK, RUSSIA – JULY 17: Excavators load ore in a dumpster July 17, 2002 in the Medvezhya … [+] mountains near Norilsk, Russia. In total, Norilsk produc...

Tesla Dodges Nickel Crisis With Secret Deal to Get Supplies

(Bloomberg) — The invasion of Ukraine has added to agita among electric-vehicle makers over the supply of nickel, a critical ingredient in EV batteries, since Russia is one of the world’s bigges...

Nickel Investors Wiped Out Again as WisdomTree Shuts Second Fund

(Bloomberg) — Add another leveraged nickel trade to the long list of wipeouts in the historic turmoil rocking the metal. Most Read from Bloomberg Just two weeks after its bearish sibling was shu...

Tesla’s Stalled German Plant Opens Amid Chip And Water Woes, Rising Metal Costs

Elon Musk tours Tesla’s plant in Grünheide, Germany, with Armin Laschet, former CDU Federal Chairman and Prime Minister of North Rhine-Westphalia, in August 2021. Getty Images Elon Musk seems re...

The nickel market tumult: What investors need to know

Like many other commodities, nickel became a victim of the supply concerns brought on by the Russia-Ukraine war, as a price spike on the London Metal Exchange earlier this month led to the suspension ...

Soaring Nickel Will Drive Tesla, EV Players to Do This With Batteries

A basket of metals that go into lithium ion batteries is up 64% so far in 2022, which theoretically raises the sticker price of an average electric vehicle. Ronny Hartmann/AFP via Getty Images Text si...

Putin’s Gamble In Ukraine Is Xi’s Pot To Win

On October 6, 1973, a coalition of Arab states armed with Soviet weaponry launched a surprise invasion of Israel during Yom Kippur, a Jewish holy day. The U.S. and the Netherlands, among other countri...

Nickel Plunges as Traders Fume Over Latest London Metals Mayhem

(Bloomberg) — Nickel fell by the maximum allowed for a second day as the market seeks to reset from last week’s historic short squeeze, while brokers were left stunned as yet another glitch dela...

JPMorgan Leads Talks to Contain Nickel Crisis Damage

Some of the world’s biggest banks worked over the weekend to resolve a crisis in the nickel market that leaves them on the hook for billions of dollars owed by a Chinese metals giant. JPMorgan Chase J...

From Nickel to Oil and Stocks, Markets Are in Turmoil. Are They Broken?

Wall Street has been treated to intense volatility in the period since Moscow launched its invasion of Ukraine, with tough sanctions on Russia—a major producer of critical commodities—sending the mark...

Nickel Tycoon Tells Banks He Wants to Keep Shorting

(Bloomberg) — The tycoon whose big short bet on nickel helped trigger one of the most dramatic price spikes in history has told his banks and brokers that he doesn’t intend to reduce his positio...