Goldman Sachs Bids for Nickel Off-Exchange

The transcript discusses the dynamics of the nickel market, highlighting a $25,000 bid and the lack of buyers at higher prices. It explores the implications of market limits and the wide bid-ask spread, suggesting illiquidity. The global context, particularly China's role, is considered, and Goldman Sachs' potential strategy in creating a side market is examined. The market's expected price range is between $30,000 and $31,000 per metric ton.

What was the reported bid price for nickel in the new market?

• $30,000

• $35,000

• $25,000

• $20,000

What does a wide bid-ask spread in the market typically indicate?

• Market stability

• Increased trading volume

• Illiquidity

• High liquidity

Which city is mentioned as an important exchange for nickel pricing?

• London

• Shanghai

• New York

• Tokyo

What is the potential price range for nickel per metric ton according to the report?

• $28,000 - $29,000

• $30,000 - $31,000

• $32,000 - $33,000

• $34,000 - $35,000

What opportunity does Goldman Sachs see in the current nickel market?

• Increasing production

• Buying more nickel

• Reducing prices

• Creating a side market