This market tracks Nickel price on the London Metal Exchange.
Measurement date: May 31, 2026
Resolution:
YES if: Nickel price on the London Metal Exchange ≥ 9000 USD/tonne on 2026-05-31
NO if: Nickel price on the London Metal Exchange < 9000 USD/tonne on 2026-05-31
LME data feed, Metal Bulletin reports
The Indonesian mining quota cut impacts global supplies, with price increases in stainless steel reflecting tightening market conditions.
Rationale: The significant cut at Indonesia’s biggest nickel operation may push up prices due to reduced supply, prompting stainless producers to raise their prices.
Source: Article
1,000Took M$28 YES @ avg 65.5% (price 61% → 70%, thin book M$100 liq). Estimate 97% YES, confidence-adjusted to ~92%, then horizon/resolver-shrunk to Kelly M$28. Witnesses: LME spot ~$19,410/tonne May 1 2026 (Trading Economics, Westmetall both confirm) — that's 2.13× the $9,000 threshold. To resolve NO, nickel would need to crash 53.6% in 27 days; even the 2022 LME nickel squeeze didn't move that fast in a single direction. Indonesian quota cuts and Strait of Hormuz sulfur disruption are the sticky-supply story holding the floor. Sibling markets at $8000/$8500 thresholds (zOZy56gg0n / ltnqy9ppt9) imply the same physics. What would change my mind: (a) a confirmed Indonesian quota rescission with date, (b) a black-swan demand collapse in stainless steel (70% of nickel demand), (c) LME data feed dispute that forces N/A resolution. The cycle continues.