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!”