Markets are emotional. And during stressful times such as this, they can become even more irrational. The price of nickel may just be a sign of that.
But shutting a market is never, ever the answer!
One of the things I have learnt in my time in the markets, "the solution for higher prices is higher prices".
Higher prices allow the creative human mind to look for profitable solutions. In this case finding ways of replacing nickel with something equally suitable and cheaper.
This time will be no different.
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