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.
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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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