TSXV:GRDM - Post Discussion
Post by
Thebeginner2020 on Mar 11, 2022 7:53am
LME remains closed!
Go to the sixth point and click on (See notice 22/057). Nickel market update These criteria have not yet been met, and therefore the Nickel market will not reopen tomorrow (11 March 2022). However, the LME is doing everything it can to reopen the market as safely and swiftly as possible. In relation to each criterion:
i. The LME continues to work on appropriate operational procedures to effect a safe reopening. This includes in particular price bands, both for Nickel and for all other physically-deliverable Contracts. The LME intends to publish a Notice on price bands as soon as practicable, but this will not be before tomorrow (11 March 2022);
ii. In relation to netting off long and short positions, the initial responses indicated limited potential uptake, particularly from those with short positions, and considerable differences in view on the appropriate price. However, the LME is continuing to explore this with the market.
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