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March 8, 2022

#LME Halts #Nickel Trading After Unprecedented 250% Spike


Big Shot, Big Short
Margin calls worth "Millions of Dollars" on Tsingshan's short positions were finally paid by a unit of #China Construction Bank Corp. CCB, which is one of Tsingshan's brokers. 

Prices surged to $100'000/Ton before LME halted trading. 

See the whole story in Bloomberg here:  LME Halts Nickel Trading After Unprecedented 250% Spike 


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