Why nickel futures are trading like meme stocks

Why nickel futures are trading like meme stocks

Trading glitches plagued the nickel futures market in London Friday, with prices settling down at the exchange-imposed limit for a third straight day. As more details emerge from the disorderly market failure that shuttered trading in nickel for over a week — only to reopen in chaos — industry insiders are crying foul.

The current circus in nickel captured popular attention on March 7 when a giant bearish bet on nickel prices blew up in a spectacular short squeeze that would have rivaled…


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