Nickel trading halted after unprecedented 250% spike on Russia supply fears

March 09, 2022 7:03 AM

LONDON (BLOOMBERG) – The London Metal Exchange (LME) suspended trading in its nickel market after an unprecedented price spike left brokers struggling to pay margin calls against unprofitable short positions, in a massive squeeze that has embroiled the largest nickel producer as well as a major Chinese bank.

Source : https://www.straitstimes.com/business/companies-markets/nickel-trading-halted-after-unprecedented-250-spike-on-russia-supply-fears