nickel trading will resume on the london metal exchange on wednesday following a weeklong suspension due to a historic short squeeze bloomberg news reported on monday citing a notice what happened the trading will resume with a few curbs at 4 am et 8 am london time on march 16 the new curbs include daily price limits on nickel and other metals to avoid the wild price swings that led to vast margin calls last week and sent nickel prices to a record high in less than 24 hours all metals other than nickel will be subject to a 15 limit in either direction beginning tuesday while nickel will be subject to a limit of at least 5 in either direction when trading begins according to the report the exchange will also require all brokers to disclose positions larger than 600 tons and might ask them for the rationale for their positions see also tesla rushes to hike prices of some model 3 model y cars in us amid surging nickel prices why it matters nickel prices rose to more than 100000 per tonne on the lme last week after chinas tsingshan holding group held a short position in the metal that is a key ingredient to make electric vehicle batteries the lme had also reportedly canceled about 39 billion of transactions that had taken place when prices moved from 50000 to more than 100000 a ton tesla inc nasdaq tsla general motors co nyse gm ford motor co nyse f and other ev makers use nickel to make the batteries tesla was among the first ev makers to raise prices of some of its models in the united states and china when nickel prices zoomed higher on supply concerns triggered by the russiaukraine war see also exclusive ford says hedged against nickel supplies for next few years to support ambitious ev goals