03-16-2022, 08:39 AM
LONDON, March 16 (Reuters)
The London Metal Exchange (LME) halted nickel trading on its electronic system almost immediately on Wednesday in a chaotic resumption of business for a market that has been in limbo for over a week.
The LME nickel market was suspended on March 8 after China's Tsingshan Holding Group bought large amounts of nickel, propelling the metal up more than 50% in a matter of hours.
The London Metal Exchange (LME) halted nickel trading on its electronic system almost immediately on Wednesday in a chaotic resumption of business for a market that has been in limbo for over a week.
The LME nickel market was suspended on March 8 after China's Tsingshan Holding Group bought large amounts of nickel, propelling the metal up more than 50% in a matter of hours.