Скачать или смотреть 'Anybody's guess' as to what will happen when nickel market reopens

'Anybody's guess' as to what will happen when nickel market reopens

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Описание к видео 'Anybody's guess' as to what will happen when nickel market reopens

The nickel market will reopen tonight on the London Metal Exchange after being suspended for the last week.

The suspension was triggered by a two-day 250 per cent spike in nickel prices as the market was in the grip of a short squeeze.

Wood Mackenzie nickel analyst Angela Durrant says it is "anybody's guess" as to what will happen when the market reopens.

"But at this moment in time the LME has indicated that they would be putting a cap on prices, so a circuit breaker as such, that would mean that you could go up five per cent or down five per cent, anywhere between five and ten per cent in the up or down categories," she said.

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