LME halted nickel trading earlier this week, and cancelled trades after prices soared over $100,000 per tonne.
A China player was caught very, very short. Trades have been busted to help the p[roducer out, at the expense of those on the right side of the market of course.
Info via Reuters.
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Speaking of those caught on the wrong side (of history this time):
Bank of Russia cancels Moscow stock exchange trading for Friday March 11
