Metal Mayhem: Nickel Plunges by 8% Daily Limit

The video discusses the ongoing issues in the nickel market, including glitches, trading suspensions, and illiquidity. It highlights the challenges faced by traders due to new trading limits and the discrepancies between the London and Shanghai markets. The potential for market contagion and the frustration among traders are also explored.

What was the new trading limit imposed on the nickel market?

• 8% of the prior day's closing price

• 5% of the prior day's closing price

• 10% of the prior day's closing price

• 12% of the prior day's closing price

What is the main reason for the paralysis in the nickel market?

• Technical issues with the trading platform

• A lack of buyers

• High trading fees

• A large volume of sell orders

What is the price difference between the London and Shanghai nickel markets?

• $15,000

• $20,000

• $12,000

• $10,000

What is the potential risk mentioned in the final section regarding the nickel market issues?

• A shortage of nickel supply

• A rise in nickel prices

• A spread to other metals and assets

• A decrease in nickel production

How have traders reacted to the handling of the nickel market situation?

• They have started trading more aggressively

• They have remained indifferent

• They have pulled their trades off the market

• They have increased their trades