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Exclusive: LME plans new metals contracts using ShFE prices
WEBDec 19, 2023 · The London Metal Exchange (LME) is planning to launch new metals contracts using prices from the Shanghai Futures Exchange (ShFE), three industry sources familiar with the matter said, further...
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LME back in the dock, this time over 'dirty metals' | Reuters
WEBFeb 14, 2024 · LONDON, Feb 13 (Reuters) - Just three months after winning its legal case over the handling of the 2022 nickel crisis, the London Metal Exchange (LME) is set for a return visit to London's High...
LME forced to halt nickel trading, cancel deals, after prices top ...
WEBLONDON, March 8 (Reuters) - The London Metal Exchange (LME) was forced to halt nickel trading and cancel trades after prices doubled on Tuesday to more than $100,000 per tonne in a surge sources...
Aluminum, Nickel Spike on LME After Russian Metal Hit By US, UK ...
WEBApr 15, 2024 · Metals Whipsawed as Sanctions on New Russian Supplies Rattle LME. US, UK impose ban on exchanges taking new Russian metal; Aluminum surged by as much as 9.4% before slumping back again
London Metal Exchange sued for $456m over cancelled nickel …
WEBJun 6, 2022 · The London Metal Exchange (LME) has been sued for $456m (£365m) by fund manager Elliott Associates following the suspension and cancellation of nickel trades earlier this year. The claim was...
LME Fights to Regain Trust After Last Year’s Nickel Crisis
WEBMay 16, 2023 · The embattled London Metal Exchange is still trying to rebuild faith in its nickel contract after an epic short squeeze last year, according to Chief Executive Officer Matthew Chamberlain.
Two years on: LME nickel crisis breeds courtroom drama ... - Financial News
WEBMar 8, 2024 · Two years ago, the London Metal Exchange made the unprecedented decision to cancel $12bn of nickel trades. A short squeeze had sent the price of the metal above $100,000 per tonne, creating a margin call of $19.75bn.
LME plans to permanently close historic ‘Ring’ metals trading floor
WEBJan 19, 2021 · The London Metal Exchange has proposed permanently shutting its Ring, where metals have been traded since its founding in 1877, a move that would mark the end of in-person trading of commodities...