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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

FORGOTTEN HISTORY: London metal exchange faces review over nickel trading chaos - Caught on Camera

Traders work on the floor of the London Metal Exchange
Traders work on the floor of the London Metal Exchange Photograph: Simon Dawson/Reuters

The UK’s financial regulators will investigate the London Metal Exchange’s handling of a week-long suspension of trading in nickel amid chaotic conditions at the start of Russia’s invasion of Ukraine.

The LME suspended trading in nickel, a crucial material for electric car batteries, on 8 March after prices doubled over the course of a day to a record $100,000 (£76,200) a tonne. Trading in the metal reopened after a week, on 16 March.

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