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China dominates the market of clean energy metals.
Not so much dominant on production but more dominant
on processing.
https://elements.visualcapitalist.co...4836b-45249127
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it helps when health, safety and environmental laws are lowest of the worldOriginally Posted by oak333
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How the metals performed in 2021.
Remark Lithium, up almost 500 %
https://elements.visualcapitalist.co...16fd2-45249127
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Why lithium price soared ? Because of high demand of EV batteries from China.
Tesla joined later. (October 2021)
https://elements.visualcapitalist.co...b30c3-45249127
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https://www.russell-clark.com/p/what...he-lme-and?s=r
It would seem that a major Nickel default on LME has prompted the clearing house to rejigger the rules, suspend trading for a few days & implement price controls, unless this guy is full of hot air.
Who is the whale that defaulted & is being protected?
How thin are the physical stocks?
It seems that perhaps he wasn't just making that all up -
https://www.lme.com/en/metals/non-fe...ng+day+summary
https://www.reuters.com/business/ene...me-2022-03-08/
https://www.reuters.com/business/lme...ht-2022-03-08/
Edit:
https://www.zerohedge.com/commoditie...rd-margin-call
It appears that the $8 billion default was by Tsingshan Holding Group
Last edited by SilverPalm; 03-09-2022 at 04:06 PM.
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In a follow up to my previous post -
https://www.zerohedge.com/markets/ch...horting-nickel
Margin calls for thee, but not for me??????
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That will teach them to be Naked shorted. Caught out with yer pants down around yer ankles..haha..looks good on them. Should be outlawed.
...be your own Health Care System... grow your own and eat well
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https://www.zerohedge.com/markets/ch...ve-margin-call
The games continue.
The story appears to still be - margin calls for thee, but not for me.
The question is, will the markets continue to function "normally" with the participants knowing that the game is rigged in this way?
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Is there NO accountability? dang
Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”
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