Argus Media extract:
"More strikingly, the LME is exploring mechanisms to reduce the volume of short positions, as well as positions participants "wish to exit as soon as possible on the resumption date." The LME provisionally proposed allowing long and short position holders to net-off their positions at an indicative price of the 7 March closing price plus 10pc."
They're currently indicating that it's unlikely to open until next week. It really is a mess.
Nickel Boner Update, page-4262
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