Nickel Fears of Supply Chaos. Up 30% in a day, page-14

The London Metal Exchange has suspended trading, possibly for several days. The reason for this is distortions on the nickel market. The price had risen to a record high.The Ukraine war has led to severe upheavals on the nickel market. On Tuesday, the price of a ton of the industrial metal rose by more than 50 percent to over $100,000 at times. Trading on the London Commodities Exchange was then suspended – possibly for several days, as the LME exchange explained. Since Monday alone, the top price has more than tripled.