LME Suspends Nickel Trading After Unprecedented Price Spike
The London Metal Exchange halted trading in its nickel market after an unprecedented price spike left brokers struggling to pay margin calls against deeply unprofitable short positions.
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The London Metal Exchange halted trading in its nickel market after an unprecedented price spike left brokers struggling to pay margin calls against deeply unprofitable short positions.
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By Eric Onstad LONDON (Reuters) - The London Metal Exchange (LME) was forced to halt nickel trading and cancel trades after prices doubled on Tuesday ...
The London Metal Exchange (LME) took an unprecedented step to halt trading in the nickel market on March 8. The price of the metal spiked by 250% early Tuesday, trading above $100,000 a ton, per...
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