The Closer: Deals Change the World
Business
The Closer Weekly: The Case of JP Morgan's 54 Tonnes of Fake Nickel
JP Morgan Chase thought it owned 54 metric tonnes of nickel, the most highly valued base metal. The bank had reason to believe this nickel was stored in bags at a warehouse in Rotterdam. It turns out these bags are, instead, full of stones. Ben and Aimee discuss the case of JP Morgan's missing nickel and how this story is just the latest drama in the nickel trade.
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