Stock Groups

London Metal Exchange cancels nickel trades after price doubles -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – A view showing nickel sheets at Kola Mining and Metallurgical Company, (Kola MMC), a subsidiary company of Nornickel Metals and mining, Monchegorsk Region. Russia, February 25, 2021. REUTERS/Evgenia Novozhenina/File Phot

LONDON (Reuters] – All nickel trades cancelled by London Metal Exchange (LME) on Tuesday after prices increased rapidly in a matter hours. This prompted the exchange to stop trading.

In a letter to members, it stated “The current circumstances are unprecedented.” Market participants have faced a variety of problems due to the suspension of nickel markets. These issues must be resolved.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]