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08 Mar

LME halts nickel trading after unprecedented surge

The London Metal Exchange (LME) has halted trading of nickel on all its venues following an unprecedented rise in its three-month nickel contract to over $100,000/tonne, Kallanish reports. Nickel prices had risen 90% to $55,000/t on Monday, before reaching $101,365/t during night trading into Tuesday. This price then dropped to over $80,000/t prior to opening day, when an LME special committee decided to suspend trading. The committee says “it’s evid…
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