Surging energy prices combined with a massive short squeeze have created a perfect storm that threatens to disrupt the supply of many products people use daily.  The price of nickel went through the roof last week, jumping as much as 250% in two days and briefly reaching a whopping $100,000 a ton. The metal is a key component of stainless steel, used to make items including fridges, surgical instruments, exhaust pipes, and vehicle chassis.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: