JPMorgan, the largest counterparty to Tsingshan's trades, spearheaded talks between the major metals supplier and the banks that acted as intermediaries for its wager against rises in the price of nickel. "The LME notes in particular that a large client of the market has now published details relating to the support of a banking consortium, which could suggest that the potential for further disorderly conditions may be mitigated," it said in its statement. The moves come after Tsingshan reached a deal with its creditors to ease pressure to pay the billions of dollars of margin it owes for nickel trades. For other base metals, it will be plus or minus 15%, and the limits will be effective from March 16. The price caps on nickel will apply from March 16, based on the previous session's closing price: plus 5% for the upper limit, and minus 5% for the lower. As we realize diversity, inclusion, and belonging for our employees, members, and customers, we get closer to achieving that vision. Circle, gray, linkedin icon Icon search engine. Diversity, Inclusion and Belonging (DIBs) Our vision, to create economic opportunity for every member of the global workforce, connects everyone at LinkedIn. LinkedIn Icon - free download, PNG and vector. London time on Wednesday, and will adopt regular trading hours from Thursday, the exchange said. 100 LinkedIn LOGO - Latest LinkedIn Logo, Icon, GIF, Transparent PNG. The extreme volatility prompted the LME to suspend nickel trading for the first time since 1988, and it has stayed halted for six sessions in a row. At one point last Tuesday, nickel touched double its Monday closing price of $48,078 - already lifted by worries about a supply shock from Russian sanctions.
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