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Earlier, nickel on the Shanghai Futures Exchange dropped 17% to its daily limit.
The LME, owned by Hong Kong Exchanges and Clearing Ltd , suspended nickel trading on March 8 after prices spiked by more than 50% to hit $100,000 a tonne. Trading resumed on March 16.
The surge in prices that triggered the halt was blamed on short-covering by one of the world’s top producers, China’s Tsingshan Holding Group.
On Friday, LME three-month nickel ended weaker, partly pressured by profit-taking ahead of the weekend, but avoided its 15% daily trading limit for the first time in three sessions.