Quantcast
Nickel $10/pound. - Beyond.ca - Car Forums
Results 1 to 18 of 18

Thread: Nickel $10/pound.

  1. #1
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    706
    Rep Power
    0

    Default Nickel $10/pound.

    Getting up there. Will circulated coinage come back, or is it all going to be melted down for electric cars?

    Copper also up. Solar power cables getting more expensive than the panels.
    Lake mead tier 2a shortage. 12 generator shutdown at Hoover Dam.

  2. #2
    Join Date
    Aug 2004
    Location
    Calgary
    My Ride
    WRX 265
    Posts
    50
    Rep Power
    0

  3. #3
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    706
    Rep Power
    0

    Default

    Trades will be halted today. Only other metal to ever be halted was tin.
    Lake mead tier 2a shortage. 12 generator shutdown at Hoover Dam.

  4. #4
    Join Date
    Jul 2004
    Location
    YYC
    Posts
    3,605
    Rep Power
    44

  5. #5
    Join Date
    Oct 2013
    Location
    Blackfalds aka north RD, AB
    My Ride
    Bikes.Car.Truck
    Posts
    1,145
    Rep Power
    13

    Default

    Yah, that's fucking crazy.
    Time keeps moving on and on and on
    Soon we'll all be gone.

  6. #6
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    8,849
    Rep Power
    33

    Default

    Quote Originally Posted by 16hypen3sp View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Yah, that's fucking crazy.
    Someone didn't listen to ZenOp and tried to short Nickel.

    So ah, should I drive around in the flat bed and start grabbing Tesla's and EVs? Those batteries are 80%+ nickel.

  7. #7
    Join Date
    Dec 2003
    Location
    Calgary
    My Ride
    X5
    Posts
    236
    Rep Power
    0

    Default

    Credit to Zenops, he's been all about nickel for years.

  8. #8
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    706
    Rep Power
    0

    Default

    Thanks, it finally happened. Now only thing left is the California quake.

    LME still quotes by the ton. If it goes and stays above $32/pound it might be more useful to quote by the ounce. It is the only money that I ever grew up with afterall. 3 tons of nickel would be quite a nestegg.

    BTW: 1 cubic meter of nickel = 8.91 tons, which is roughly $1 million if they actually let it trade. Battleship armor is typically 25 inches thick.
    Last edited by ZenOps; 03-08-2022 at 08:56 PM.
    Lake mead tier 2a shortage. 12 generator shutdown at Hoover Dam.

  9. #9
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    706
    Rep Power
    0

    Default



    Day 2 of nickel halt.
    Lake mead tier 2a shortage. 12 generator shutdown at Hoover Dam.

  10. #10
    Join Date
    Jul 2004
    Location
    YYC
    Posts
    3,605
    Rep Power
    44

    Default

    Tesla needs more government subsidies soon.

  11. #11
    Join Date
    Jan 2008
    Location
    Calgary
    My Ride
    Unicycle
    Posts
    10,869
    Rep Power
    100

    Default

    Quote Originally Posted by mr2mike View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Tesla needs more government subsidies soon.
    Obvs
    Quote Originally Posted by rage2 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I almost shat myself after eating way too much at lunch with @killramos so ya, we can start the diaper thread now.

  12. #12
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    706
    Rep Power
    0

    Default

    Elon wants his own nickel mine. Thing is: You can be a multibillionaire, but you can't buy what doesn't exist. He could try to buy Creighton, but its literally at end of life.

    Even before lithium was used, Nickel Metal hydride was the best rechargeable.

    A lot of the early nickel produced is forever locked inside of stainless steel, and battleships. Once that Krupps cemented armor is made, it cannot be unmade.

    The nickel short was rumored to be $12 Billion worth (roughly 1 Billion pounds of nickel). Of which they are allowing extra days for the contracts to expire (bailing out the billionaires)
    Last edited by ZenOps; 03-10-2022 at 08:19 AM.
    Lake mead tier 2a shortage. 12 generator shutdown at Hoover Dam.

  13. #13
    Join Date
    Jan 2008
    Location
    Calgary
    My Ride
    Unicycle
    Posts
    10,869
    Rep Power
    100

    Default

    Truth. You can't recycle the nickel out of steel in any efficient manner. It's a one way trip.
    Quote Originally Posted by rage2 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I almost shat myself after eating way too much at lunch with @killramos so ya, we can start the diaper thread now.

  14. #14
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    706
    Rep Power
    0

    Default

    Its set to reopen tomorrow (friday), probably forced to $12 or so, with maybe 10% per day limits.

    https://www.theglobeandmail.com/inve...bad-behaviour/

    Free market is dead. Devils metal indeed.
    Last edited by ZenOps; 03-10-2022 at 09:37 AM.
    Lake mead tier 2a shortage. 12 generator shutdown at Hoover Dam.

  15. #15
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    706
    Rep Power
    0

    Default

    Correction, it appears that they are going to go through the weekend without restarting the market.

    Makes me wonder how many days it actually takes for fill that massive short. Are they literally at zero tonnage nickel at the LME? Shades of Fort Knox having no gold.
    Lake mead tier 2a shortage. 12 generator shutdown at Hoover Dam.

  16. #16
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    706
    Rep Power
    0

    Default

    OK.

    Well... Nickel trading might just be suspended for four years, like they did with tin back in 1985? No retail investors allowed, only miners and registered companies that consume (steel mills and battery makers)

    Edit: Nope, looks like Wednesday open.



    5% limits would suck.
    Last edited by ZenOps; 03-15-2022 at 04:18 PM.
    Lake mead tier 2a shortage. 12 generator shutdown at Hoover Dam.

  17. #17
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    706
    Rep Power
    0

    Default

    Trading halted. Some contracts will be rolled back, restart was unsuccessful.

    https://ca.finance.yahoo.com/news/ni...080641340.html
    Lake mead tier 2a shortage. 12 generator shutdown at Hoover Dam.

  18. #18
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    706
    Rep Power
    0

    Default



    Still broken, 12% limits didn't do much. But at least one guy knows the score, highly technical explaination of how a market breaks, and how not to fix it.
    Lake mead tier 2a shortage. 12 generator shutdown at Hoover Dam.

Similar Threads

  1. New Non Nickel Loonie

    By ipeefreely in forum Society / Law / Current Events / Politics
    Replies: 15
    Latest Threads: 04-14-2012, 11:08 PM
  2. Xstrata (Nickel) $80B deal.

    By ZenOps in forum Society / Law / Current Events / Politics
    Replies: 0
    Latest Threads: 02-02-2012, 10:59 AM
  3. Vale Nickel Refinery nearly done.

    By ZenOps in forum Society / Law / Current Events / Politics
    Replies: 8
    Latest Threads: 12-19-2011, 11:09 AM
  4. UC nickel and diming students at its finest

    By tlapec in forum Campus Chat
    Replies: 16
    Latest Threads: 01-13-2011, 05:50 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •