Category: Events

What’s going on about LME “Demon Nickel” ?

At year 2022, during March 7th to March 8th, price of London Metal Exchange nickel contract (hereinafter referred to as LME “Nickel”) is continuous soaring, with a total increase of up to 248%, once hitting a record high of $100,000 / ton, become the “Demon Nickel ” which was seriously flying away from fundamentals. On The afternoon of March 8th, the LME website disclosed the suspension of nickel trading, and in the evening announced the postponement delivery of all spot nickel contracts which are scheduled for Delivery on March 9th.

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