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London Metal Exchange Ltd

  • Monday, 30 September, 2024
    Rio Tinto PLC
    Rio Tinto chief urges western governments to speed up clean energy transition

    US’s IRA programme yet to have ‘significant impact’, says Jakob Stausholm as he opens London Metal Exchange week

    Jakob Stausholm
  • Friday, 23 August, 2024
    LME trading floor faces renewed threat as SocGen departs

    French bank quits the Ring, Europe’s largest open outcry pit

    The LME Ring, known for its distinctive red sofas
  • Tuesday, 5 March, 2024
    Industrial metals
    Global miners call on LME to introduce green premium for nickel

    Exchange says market not large enough for ‘green’ nickel futures contract

    A worker processes nickel at a smelter in Indonesia
  • Wednesday, 29 November, 2023
    LME wins High Court ruling over cancelled nickel trades

    Judges dismiss claims against metal exchange by Elliott Management and Jane Street

    The floor of the London Metal Exchange
  • Wednesday, 21 June, 2023
    The day nickel trades gave LME a rude awakening

    Judicial review hears of exchange’s actions in March 2022 when it feared market had turned disorderly

    The floor of the London Metal Exchange
  • Tuesday, 20 June, 2023
    Elliott accuses LME of rushed decision over cancelled nickel trades

    US hedge fund seeks $456mn compensation in case that could have ramifications for London’s role as commodity trading hub

    Traders in the Ring at the London Metal Exchange
  • Monday, 24 April, 2023
    CME Group Inc
    CME plays down rival to LME nickel market

    Chief executive Terry Duffy says UK group has ‘a lot of issues’

    Exterior of the London Metal Exchange
  • Tuesday, 21 March, 2023
    Trafigura chief says LME nickel contract is ‘not fit for purpose’

    Jeremy Weir says sector needs ‘contracts to reflect the underlying business’

    Jeremy Weir
  • Friday, 17 March, 2023
    Industrial metals
    LME finds bags of stones instead of nickel in metal warehouse

    Discovery of fake consignment comes weeks after Trafigura unearthed $500mn nickel fraud

    sheets of nickel at a warehouse
  • Tuesday, 7 March, 2023
    Hedge fund lawsuits pile up against LME a year on from nickel chaos

    Metal exchange faces legal claims totalling more than $500mn over its controversial cancellation of trades

    Traders work on the floor of the London Metal Exchange in London
  • Friday, 3 March, 2023
    LME faces prospect of fines over nickel market chaos

    Financial Conduct Authority launches enforcement action against metals exchange over decision to freeze trades

    The LME trading floor
  • Tuesday, 21 February, 2023
    BHP calls for London Metal Exchange nickel benchmark overhaul

    World’s largest miner joins criticism of contract at the centre of last year’s market chaos

    A nickel smelter
  • Tuesday, 10 January, 2023
    Lex
    LME/Nickel: bad data fostered bad decisions at chaotic metals market Premium content

    A report attempts to explain what happened in a spectacular short squeeze last March

    A worker runs their hands through nickel ore
  • Tuesday, 10 January, 2023
    Futures contracts
    Review urges LME to toughen standards on market distortions

    Independent report criticises exchange for lack of circuit breakers in March nickel crisis

    A worker mans a furnace during the nickel smelting process at Indonesian mining company PT Vale’s smelting plant in Soroako, South Sulawesi
  • Friday, 23 December, 2022
    High Court tosses out case by LME traders for disclosures on nickel debacle

    Hedge fund AQR and other market participants were seeking more information on exchange’s decision to cancel trades

    The trading floor of the London Metals Exchange
  • Wednesday, 14 December, 2022
    Traders warn LME nickel benchmark disconnected from global market

    Metal pricing hit as thin volumes and higher financing costs force investors to sidelines

    A worker processes nickel at a nickel smelter
  • Thursday, 1 December, 2022
    Surge in nickel prices threatened to blow $2.6bn hole in key LME entity

    Fullest accounting to date of incident in March shows clearing house was under severe strain

    A PT Vale nickel smelter near Sorowako in Indonesia
  • Monday, 28 November, 2022
    LME claims $20bn nickel trade chaos threatened to tip it into ‘death spiral’

    Exchange’s defence against judicial review says level of margin calls would have bankrupted multiple clearing members

    Floor of the LME
  • Friday, 18 November, 2022
    ExplainerCharts that Matter
    Nickel dogged by liquidity concerns and price volatility

    The LME had to suspend trading for a week, while inventory levels hit a 14-year low, adding to swings

    A worker displays nickel ore in a ferronickel smelter: the metal has seen wild swings in its price
  • Wednesday, 16 November, 2022
    Industrial metals
    Nickel prices soar as ‘thin’ trading conditions boost volatility

    Volumes have fallen sharply since a bout of severe market turbulence in March

    A worker takes a sample of molten nickel matte from a top-blown rotary converter at the Vale Copper Cliff Nickel Smelter in Sudbury, Ontario, Canada
  • Friday, 11 November, 2022
    London Metal Exchange rejects calls to ban Russian metal

    Appeal by producers and traders concerned by distortion to market pricing fails to sway LME

    Traders, brokers and clerks on the trading floor of the London Metal Exchange
  • Wednesday, 26 October, 2022
    LME must ‘justify continued faith’ after nickel trading chaos, says chief

    Matthew Chamberlain defends exchange’s decision to cancel billions of dollars’ worth of trades in March

    Matthew Chamberlain, chief executive of the London Metal Exchange
  • Thursday, 20 October, 2022
    News in-depthIndustrial metals
    LME’s Russian metal dilemma threatens market turmoil

    Users urge exchange to bar Russian commodities from warehouses

    Traders bidding on the LME floor
  • Thursday, 6 October, 2022
    Industrial metals
    LME seeks members’ views on banning Russian metals

    London exchange’s move comes a day after restrictions imposed on deliveries from Russia’s Ural Mining

    A worker inspects packaged copper wire rods
  • Thursday, 29 September, 2022
    Metal prices rise as LME considers banning Russian supplies

    Exchange looks at eliciting views on whether to add material to sanctioned oil and coal

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