Trading

London Metal Exchange suspends nickel trading as Russia jitters send price to record

'The LME has taken this decision on orderly market grounds' as Russian sanctions push commodity prices higher

A flurry of demand sent the metal soaring to a record $100,000 per tonne
A flurry of demand sent the metal soaring to a record $100,000 per tonne Photo: Christian Sinibaldi for Financial News

The London Metal Exchange suspended nickel trading amid a flurry of demand that sent the metal soaring to $100,000 per tonne.

LME said that trading in the metal would be suspended for the rest of Tuesday 8 March at a minimum.

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