(bnnbloomberg.ca) - The London Metal Exchange is stepping up surveillance of trading in the nickel market after sharp price swings revived memories of the extreme volatility seen during a runaway short squeeze. The move comes after nickel prices fell rapidly Wednesday afternoon, unraveling dramatically after supply fears sparked erratic rallies in thin trading conditions earlier in the week. It’s the most extreme bout of volatility since a historic price spike in March, and it’s heightening concerns that plunging liquidity in the wake of the controversial squeeze risks wreaking fresh havoc.
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