"The LME will actively plan for the reopening of the nickel market, and will announce the mechanics of this to the market as soon as possible."
PRICES DOUBLE IN HOURS
Three-month nickel on the LME more than doubled to $101,365 a tonne before the LME halted trade on its electronic systems and in the open outcry ring.
Nickel had pared gains to $80,000 a tonne when trading was halted, up 66% on the day and a staggering 177% since Monday.
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