Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange, on February 28, 2022. Photo: Bloomberg
LME suspends nickel trading after prices surge more than 110 per cent to over US$100,000 a ton
- The massive short squeeze in nickel has embroiled a unit of China Construction Bank and Tsingshan Holding Group, the world’s largest producer of the metal
- CCB International Holdings has been given additional time by the LME to pay hundreds of millions of dollars of margin calls it missed on Monday
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange, on February 28, 2022. Photo: Bloomberg
