As per some posts above the London Metal Exchange has suspended trading on Nickel.
See article.
The London Metal Exchange (LME) cancelled nickel trading on Tuesday after an unprecedented 250% price spike triggered by Western sanctions against major producer Russia, which left brokers struggling to pay margin calls against unprofitable short positions.Prices for the metal, a key ingredient in batteries that power electric cars and high-tech devices, soared to a record above $100,000 a tonne amid a vicious short squeeze — the largest-ever on the LME.The 145-year-old exchange responded by halting trade, and in a later update announced the cancellation of all trades executed on or after 00:00 UK time on March 8 and deferring delivery of all physically settled contracts. The contract was suspended at $80,000 per tonne.
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- Nickel Fears of Supply Chaos. Up 30% in a day
Nickel Fears of Supply Chaos. Up 30% in a day, page-19
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