Nickel ... Russia's export product.

https://tradingeconomics.com/commodity/nickel

Nice price ride .....

Just a couple of contracts and a couple of bags? What kind of a nonsense is this. 21.0000 or 23000 per metric tonne means only 21 bucks per kilo. You don´t trade just a couple of bags ... This goes big size mass transport.

I wonder what else they actually have in the faults instead of Precious Metals ....

heheheheh ....

Watch this video on Nickel world production and take note of the dates ... https://yewtu.be/watch?v=gUNjpZk8A2A

Ok let's see ... https://yewtu.be/watch?v=UMQe5wVnlsM

say what? a 100 Million Dollars? And these experts were scammed? These bags of "rock" are not just a couple half a stone bags. No .... these were eh .... a bit larger, than that. It takes quite a couple of half a stone bags to make a tonne. Let alone a 100 million / 20.000 ( roughly) = 5000 tonnes ladies and gentlemen.

The article referred to by OP, points towards a different problem. Their security is not bad. It is non-existent. And we trust these guys to arbitrage the price of PM?

So, it's time to listen to the History guy: https://yewtu.be/watch?v=LklHnhthGz0

Now, have a look behind the scenes:

https://yewtu.be/watch?v=bgiHkM-02_k https://yewtu.be/watch?v=Ao1tvps_-ZQ