Oil price inflation: the crisis in Ukraine has sent prices soaring. PIcture: Bloomberg
In the powerhouse financial centre that is the City of London, the London Metal Exchange generally runs well below the radar. But that all changed last week, when the LME was forced to suspend trade for all nickel contracts on Tuesday after prices for the hard metal spiked by 250 per cent to more than $100,000 a ton, twice its previous record.Subscribe from just €1 for the first month!