The nickel market is expected to reopen tomorrow! Time to dig out the change from your sofa, although price controls limit how much of it can be turned into dimes and quarters.
Nickel trading has been closed for a week for two reasons. First, Russia is a major supplier. Second, the London Metal Exchange is Hong Kong-owned, and a major customer in China suffered big losses when nickel suddenly became more valuable than an old American buffalo coin.
Financial markets have reacted to the Ukraine invasion in some predictable ways. The price of oil and wheat soared, and stocks have gotten slammed. There have been surprises, too.
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