London Metal Exchange cancels nickel trades after price doubles
The London Metal Exchange (LME) cancelled all nickel trades that took place on Tuesday when prices doubled in a matter of hours and spurred the exchange to suspend trading.
Source: www.reuters.com
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LONDON (Reuters) - The London Metal Exchange (LME) cancelled all nickel trades that took place on Tuesday when prices doubled in a matter of hours and spurred the exchange to suspend trading.
“The current events are unprecedented,” it said in a notice to members. “The suspension of the nickel market has created a number of issues for market participants which need to be addressed.”
Reporting by Eric Onstad, Editing by Louise Heavens
