Industry News

LME to conduct independent review on nickel price unusuality

Views : 200
Update time : 2022-03-31 19:05:14
Adrian Farnham, London Metal Exchange (LME) Clear CEO, said that the LME will undertake an independent review on the unprecedented spike in nickel prices, which forced to suspend nickel trading in early March.

The nickel trading was suspended on March 8 after prices surged to the US$100,000/ton level, and the trading is resumed on March 16.

The price spike that triggered the shutdown was blamed on short-covering by China’s Tsingshan Holding Group. The LME has said that the large short positions in nickel were mainly from the over-the-counter (OTC) market.
Related News
Read More >>
Ball Corporation confirms US aluminium tariff impact on its Q1 2025 net earnings despite improved shipments Ball Corporation confirms US aluminium tariff impact on its Q1 2025 net earnings despite improved shipments
May .08.2025
Ball Corporation confirms US aluminium tariff impact on its Q1 2025 net earnings despite improved shipments
India proposes tariff reductions on US imports India proposes tariff reductions on US imports
May .08.2025
India proposes tariff reductions on US imports
ArcelorMittal & WOLF GmbH partner for low carbon-emissions steel in HVAC industry ArcelorMittal & WOLF GmbH partner for low carbon-emissions steel in HVAC industry
May .08.2025
ArcelorMittal & WOLF GmbH partner for low carbon-emissions steel in HVAC industry
India issues new quality control order on 17 categories of aluminum products India issues new quality control order on 17 categories of aluminum products
May .08.2025
India issues new quality control order on 17 categories of aluminum products