LME Suspends Nickel Trading for The Day after Prices See Record Run

Reuters2022-03-08

March 8 (Reuters) - The London Metal Exchange $(LME.UK)$ said on Tuesday it has suspended the trading of nickel on all venues for at least the rest of the day after prices more than doubled to cross a record $100,000 per tonne level.

"The LME has taken this decision on orderly market grounds," the exchange said in a statement, adding that "trading will be disabled in LMEselect, and nickel trading will not be permitted on the Ring."

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