Nickel ETN Tumbled 14% After London Metals Exchange Cancels All Nickel Trades

Tiger Newspress2022-03-08

Nickel ETN tumbled 14% after London Metals Exchange cancels all nickel trades.The London Metals Exchange said it cancelled all nickel trades, after the contract surged as much as 111% before a trading halt.

The cancellation applies to all trades made after midnight U.K. time on Tuesday.

The LME said the trading was due to the situation in Russia and Ukraine, as well as the low-stock environment and high pricing volatility, as it said "current events are unprecedented" and that it was working to ensure the orderly functioning of the market.

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Comments

  • ASMH
    2022-03-09
    ASMH
    Like 
  • whereareyou
    2022-03-09
    whereareyou
    Bad idea. Create more problems. 
  • andrew123
    2022-03-09
    andrew123
    Like 
  • Abundance Thankful
    2022-03-09
    Abundance Thankful
    Wow
  • Gackky
    2022-03-09
    Gackky
    trading halt is to stop a GME 2.0[Facepalm] 
  • MO75
    2022-03-09
    MO75
    Like
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