The LME Nickel Crisis with Jack Farchy

The LME Nickel Crisis with Jack Farchy

On March 8th 2022, Nickel prices spiked 100% to $100,000 a tonne in a matter of hours, triggering billions of dollars in margin calls and threatening the very existence of the exchange. The LME took the unprecedented, and controversial, step of cancelling all trades made that day. A decision which enraged some but saved the exchange and the shorts, creating a cascade of legal battles continuing to this day (we recorded this episode prior to the UK’s FCA announcing an official investigation into misconduct). What started the crisis? Who was Mr Big Shot? What were the events that surrounded the run up in prices and how did it unravel the structure of the LME? Did the LME pose a systemic risk? What has been the fall out? Our guest is Jack Farchy, Senior Correspondent for Commodities at Bloomberg, who takes us through the crisis.

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The Pathways to Decarbonize Transportation with Michael Barnard

The Pathways to Decarbonize Transportation with Michael Barnard

The Pathways to Decarbonize Transportation with Michael Barnard In this episode, we take the long view of decarbonizing transportation. How will cars, trucks, trains and planes move in 2050? Which tec...

28 Maalis 20231h 12min

Notes from the FT Commodities Summit 2023

Notes from the FT Commodities Summit 2023

In this special episode, I provide notes, quotes and my take away from the FT Commodities Summit in Lausanne, Switzerland. Starting the day Credit Suisse was taken over by UBS, the conference was held...

23 Maalis 202329min

The Energetic Problem with the Energy Transition with Adam Rozencwajg

The Energetic Problem with the Energy Transition with Adam Rozencwajg

Decarbonization is crucial to tackling climate change. Yet, human history has been a story of increasing energy consumption and hydrocarbons unleashed global development. Today, hope and investment is...

22 Maalis 20231h 4min

SPECIAL: The Banking Crisis with Edward Chancellor

SPECIAL: The Banking Crisis with Edward Chancellor

Edward Chancellor, financial historian and journalist, returns in this special update to discuss the unfurling banking crisis. We discuss the common thread across the financial stresses around the wor...

20 Maalis 202348min

A Journey in Commodities with Paul Posoli

A Journey in Commodities with Paul Posoli

Paul Posoli was at the forefront of energy trading through a 20 year career. In this episode, we follow Paul’s story has he joins Enron, builds a trading desk for a merchant and an investment bank, ma...

15 Maalis 20231h 7min

The History of a Scandal: Metallgesellschaft Revisited with Kevin O’Reilly

The History of a Scandal: Metallgesellschaft Revisited with Kevin O’Reilly

In 1993, Metallgesellschaft, the German Global Industrial conglomerate lost $1.3bln in oil derivatives trading through its US subsidiary MGRM. The details leading up to their implosion and the subsequ...

1 Maalis 202358min

Tantalum… a story of insatiable demand with Hadley Natus

Tantalum… a story of insatiable demand with Hadley Natus

Tantalum… a story of insatiable demand with Hadley NatusYou probably have not heard of Tantalum. However,  like the Greek mythological figure it is named after, the world is developing a need for it w...

22 Helmi 202347min

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