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A 175-year-old golden rule in markets is starting to break

Nickel’s long-running premium over copper has narrowed to 1.11 times, and mine-gate prices may already favor copper miners, analysts said.

Gold has effectively always cost much more than silver, and nickel more than copper. But the age of electricity is starting to wreak havoc on accepted wisdom.

4 Articles

Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
Lean Left

A 175-year-old golden rule in markets is starting to break

Gold has effectively always cost much more than silver, and nickel more than copper. But the age of electricity is starting to wreak havoc on accepted wisdom.

·North Sydney, Australia
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Sydney Morning Herald broke the news in North Sydney, Australia on Monday, September 28, 2026.
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