Uncertainty around Nickel Mines amid nickel market mayhem

A ‘short’-term blip or something much more serious is the question for Nickel Mines after it went into a trading pause today as its shares were sold down amid a nickel squeeze that’s reportedly bad news for the ASX-listed company’s major shareholder and benefactor, Tsingshan.

Uncertainty around Nickel Mines amid nickel market mayhem Uncertainty around Nickel Mines amid nickel market mayhem Uncertainty around Nickel Mines amid nickel market mayhem Uncertainty around Nickel Mines amid nickel market mayhem Uncertainty around Nickel Mines amid nickel market mayhem

The LME nickel price caught fire this week

The ‘long and the short of it' is major Chinese producer Tsingshan is reportedly potentially facing huge trading losses that may affect it liquidity and hence the building of new nickel