The LME Nickel Crisis with Jack Farchy
The HC Commodities Podcast
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The LME's Extraordinary Move of Canceling Trades Rewinding the Clock
The nickel price hits a high of a hundred and one thousand dollars the LME at that point is in frantic meetings trying to work out what to do by eight fifteen the price has come back down to eighty thousand dollars but still an exceptionally high price. The big question mark is are people going to have to pay margin calls at nine a.m. which is when margin calls Intraday typically start coming due. A lot of clients you know traders of nickel and a lot of brokers on the london metal exchange started calling the LME and saying if you make us margin at eighty thousand dollars we're bust so a couple of hours later the LME comes out and says okay we've made
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