LME Nickel to Trade in Asian Hours for First Time Since Crisis
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The London Metal Exchange will reopen nickel trading during Asian trading hours from March 20, in what is likely to provide an important liquidity boost for the market that has struggled to recover after last year’s crisis.
The LME halted trading for a week and canceled billions of dollars of transactions in the nickel market in March 2022 in an effort to rein a runaway short squeeze centered on top producer Tsingshan Holding Group Co. Trading has remained suspended during Asian hours, which was when prices spiked most sharply during the squeeze, and currently opens at 8 a.m. London time.