LONDON, March 14 (Reuters) - China's Tsingshan Holding Group has reached an agreement with banks under which they will not make margin calls on or close out the producer's nickel positions on the London Metal Exchange (LME), the company said on Monday, a move sources said should help calm the market.During the standstill agreement, the company and banks will discuss a standby secured liquidity facility, Tsingshan said.
Nickel resumes trading 8am Wednesday UK time.
IGO nickel to resume trading LME. Short problem solved.
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$5.70 |
Change
0.070(1.24%) |
Mkt cap ! $4.316B | |||
| Open | High | Low | Value | Volume |
| $5.68 | $5.78 | $5.63 | $12.90M | 2.260M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39401 | $5.69 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.70 | 11762 | 3 |
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