On March 8, local time, London Metal Exchange (LME) announced that all nickel transactions on OTC and LMEselect screen trading systems will be cancelled at 00: 00 am London time on March 8, 2022 (8: 00 am Beijing time on March 8) and beyond. In addition, LME decided to postpone the delivery of all spot nickel contracts scheduled for delivery on March 9, 2022.