Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study
Green Car Congress
APRIL 21, 2022
The report notes that on 8 March 2022, the London Metals Exchange (LME) abruptly halted trading in nickel, which had reached $100,000 per tonne. This surge occurred mostly in China, driven by steel manufacturing. The LME events were a consequence of positions taken by Tsingshan based on expectations of falling prices.
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