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Benzinga
Benzinga
Business
Akanksha Bakshi

Russia Impact - London Metal Exchange Suspends Nickel Trading After 250% Price Spike

The London Metal Exchange (LME) halted Nickel trading on Tuesday after prices doubled to a record $100,000 per tonne, fuelled by a race to cover short positions after Western sanctions threatened supply from major producer Russia, reported Reuters.

"The LME has taken this decision on orderly market grounds," said the LME, adding it was considering the closure of several days.

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