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 is the potential for Goldman Sachs to create a side market in the nickel trading?

What price range does the market seem to think the nickel should be trading at?