London suspends nickel trade after record spike

LONDON: The London Metal Exchange said Tuesday that it has suspended trade in nickel after the base metal rocketed ...
08 Mar, 2022

LONDON: The London Metal Exchange said Tuesday that it has suspended trade in nickel after the base metal rocketed to a record peak above $100,000 on Russian output concerns.

"Following further unprecedented overnight increases in the three-month nickel price, the LME has made the decision to suspend trading for, at minimum, the remainder of today," it said in a statement after nickel spiked to $101,365 per tonne.

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