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>London recently had to suspend nickel trading because the price was astronomically high. Chinese owned LME suspended Nickel trading because: "China's Tsingsha
by rasz 5y ago
>London recently had to suspend nickel trading because the price was astronomically high.
Chinese owned LME suspended Nickel trading because: "China's Tsingshan Holding Group, one of the world's top nickel and stainless steel producers, had been building a short position in nickel since last year, betting prices would fall, three sources familiar with the matter said."
It was a short squeeze and Chinese company was about to lose a shitton of money so they closed the market to cover their own.