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DewDiligence

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DewDiligence

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Re: DewDiligence post# 16580

Friday, 08/30/2019 3:46:02 PM

Friday, August 30, 2019 3:46:02 PM

Post# of 29408
Nickel futures @5-year high on Indonesia embargo:

https://www.wsj.com/articles/nickel-prices-soar-as-indonesia-brings-forward-export-ban-11567177511

Nickel prices soared Friday after the Indonesian government said it would ban exports of nickel ore earlier than traders had expected, sparking concerns of shortages in the stainless-steel ingredient… nickel prices have now surged 68% in 2019 and reached their highest level in almost five years.

…Indonesia is aiming to become Asia’s main producer of electric vehicles, many of which are powered by lithium-ion batteries made using nickel.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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