IGO nickel to resume trading LME. Short problem solved., page-2

price fell ~6% this morning.

from yesterday's ASX announcement IGO 'IGO: Update on the proposed acquisition of Western Areas'

"IGO acknowledges the recent short-term volatility in the LME nickel market and price, which is primarily
attributed to the Russian invasion of Ukraine, which in turn has reportedly created the need for a large industry
participant to manage a nickel short position on the LME."

make of that what you will. there was quite a bit of conflict between brokers and the LME. I'm not convinced we will be told everything. the exemption provided by LME for Tsingshan Holding Group sets a bad precedent and cause for loss of confidence.

I saw mention somewhere the LME is partially owned/controlled by a HK based group. which seems just too convenient an excuse.
( I dislike posting rumours without backup evidence, hence the vague wording, don't put too much weight on it)