LME Says Nickel Contracts Trading Will Resume on March 16

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Added 2 years ago by admin

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When nickel went vertical last week after a massive short squeeze, the metals industry plunged into a crisis not seen since 1985. Nickel's 250% price spike in little more than 24 hours triggered billions of dollars in losses for traders who bet the wrong way and led the London Metal Exchange to suspend trading for the first time in three decades. Trading is now set to resume Wednesday. Joe Deaux reports on "Bloomberg Daybreak: Australia."