The Latest Breaking News from LME

The nickel market has been in disarray in recent weeks as prices soared to unprecedented levels before going on a freefall amid supply concerns and an unexpected short-squeeze by one of the world’s largest steelmakers. Nickel is one of the most common metal elements in the world used to make…

CNBC

The benchmark three-month nickel contract fell 12% on Friday morning to hit a new trading limit, as heavy selling continued on international metal markets, reported CNBC. The price hit $36,915 a metric ton as it opened for trade, stated Refinitiv data. The London Metal Exchange, which still has some open outcry trading, has…

Markets have limits. This year's crises are testing them.

Nickel electronic trading halted minutes after it restarted at The London Metal Exchange (‘LME’), citing a technical issue with its new daily limit, as prices plunged when the market opened after a week-long suspension, 

City Comment: The FCA should investigate why the nickel market is closed

It was the stuff of a Hollywood film: A Chinese tycoon bet on a falling nickel price only to see it skyrocket 250 per cent.

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, 

Nickel briefly rose above $100,000 a ton this morning, more than doubling in what is the biggest price move in LME history