London Metal Exchange cancels nickel trades after price doubles
LONDON (Mar 8) - 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."
REUTERS
