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London Metal Exchange suspends nickel trading as Russia jitters send price to record

'The LME has taken this decision on orderly market grounds' as Russian sanctions push commodity prices higher

A flurry of demand sent the metal soaring to a record $100,000 per tonne
A flurry of demand sent the metal soaring to a record $100,000 per tonne Photo: Christian Sinibaldi for Financial News

The London Metal Exchange suspended nickel trading amid a flurry of demand that sent the metal soaring to $100,000 per tonne.

LME said that trading in the metal would be suspended for the rest of Tuesday 8 March at a minimum.

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