{"id":106582,"title":"The London Metal Exchange to reopen nickel trading during Asian hours","publisher":"Share Talk","author":"sharetalk","published":"2023-02-23T17:02:59+00:00","modified":"2023-02-23T17:02:59+00:00","canonical_url":"https://www.share-talk.com/the-london-metal-exchange-to-reopen-nickel-trading-during-asian-hours/","markdown_url":"https://www.share-talk.com/the-london-metal-exchange-to-reopen-nickel-trading-during-asian-hours.md","json_url":"https://www.share-talk.com/the-london-metal-exchange-to-reopen-nickel-trading-during-asian-hours.json","category":"Blogs","categories":["Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Asian hours","Exchange","invasion","LME","London","London Metal Exchange","Russia","UK","Ukraine"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"Next month, the London Metal Exchange will end a year-long suspension of nickel trading during [Asian trading hours](https://twitter.com/LME_news/status/1628784771806404611?s=20), which was introduced after the Ukraine invasion.\n\nThe move is aimed at boosting the market that has been struggling to recover since the[nickel crisis of last year](https://www.share-talk.com/the-city-of-london-metal-exchange-is-like-the-wild-west/). The suspension was put in place last March when the metal’s price surged by 250% in 24 hours due to concerns over supplies from major producer Russia.\n\nhttps://twitter.com/ShareTalkNews/status/1501120879295614977?s=20\n\nTrading has been suspended during Asian hours since then, which is when prices spiked during the crisis. Currently, the futures and forwards exchange opens at 8 am London time.\n\nHowever, starting on March 20, nickel trading will resume when the Asian session begins, which is at 1 am London time. The exchange hopes that this move will further contribute to rebuilding liquidity in the LME Nickel market."}