(Bloomberg) The nickel market is at a “turning point” with a wave of supply of the battery metal about to hit the London Metal Exchange and push down prices, according to strategists at Macquarie Group Ltd.Most Read from BloombergBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAISelloffs, Inequality, China Tension: Here Are the Next Big RisksUS Recession Becomes Closer Call as Economists Rethink For
The world s largest and oldest metals market annulled all nickel trades in March last year after chaotic price action and suspended trading for the first time since 1988
Prateek Gupta, whose nickel shipments to Trafigura allegedly contained no nickel, is accused of using several techniques to avoid inspection of his cargo.