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Nickel balloon set to pop

Chaos could return to the London Metal Exchange today with the prospect of a major player in last week’s short-selling crisis said to be planning to physically deliver 100,000 tonnes of metal to the LME cover his short position.

Nickel balloon set to pop Nickel balloon set to pop Nickel balloon set to pop Nickel balloon set to pop Nickel balloon set to pop

Then nickel balloon that was rapidly inflated last week could be set to pop (Siora Photography/Unsplash)

In the blink of an eye, LME warehouse nickel stocks could return to levels seen last September, driving the price down from its current near-record US$48,000 a tonne, perhaps back down to $25,000/t -