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LME to restart nickel trading, but price moves will be capped
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The London Metal Exchange said buying and selling of nickel will resume on 16 March, after it suspended the market for six trading sessions following an unprecedented price surge.
The exchange unveiled rules meant to rein in nickel-price moves and protect its members, after Chinese metals giant Tsingshan Holding Group racked up billions of dollars in losses from wrong-way bets. The LME also introduced guardrails for trading in other metals.
The...
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