London Metal Exchange suspends electronic nickel trading

Nickel trades executed at lower price to remain

clock • 1 min read
All nickel trades executed on LMEselect at the lower daily price limit will remain.

All nickel trades executed on LMEselect at the lower daily price limit will remain.

The London Metal Exchange has suspended electronic trading due to a systems error concerning the price of nickel.

On Wednesday, the LME reopened trading on nickel after a week-long shutdown. An opening price of $45,590 a tonne was identified for three-month nickel, the lower daily price limit set by the exchange. According to a statement, LMEselect allowed "a small number" of trades to be executed below this lower daily price limit. Harvester of Sorrow: Ukrainian supply disruptions are only a part of food inflation A statement from LME COO James Cressy reads: "The LME immediately decided to suspend Nickel trading on LMEselect while the system error is investigated." All nickel trades exe...

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