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The Latest Breaking News from LME

Morning Brief: Top Stories Dominating Financial Media on Thursday, March 24

Nickel Turmoil Saga Continues With Another 15% Limit-Up Spike On LME: Bloomberg

Nickel Turmoil Saga Continues With Another 15% Limit-Up Spike On LME: Bloomberg

Nickel surges by the 15% exchange limit for a second day at The London Metal Exchange, putting fresh pressure on bearish position holders after an unprecedented short squeeze earlier this month, reported Bloomberg. Nickel is up 53% during March in LME after wild swings. The report added that Nickel prices surged to…

Nickel Rises On LME As Buyers Return After Squeeze

Nickel Rises On LME As Buyers Return After Squeeze

Nickel volumes surged as prices traded within the London Metal Exchange’s daily limits for the first time since reopening last week, Bloomberg reported. Prices climbed to a high of $29,700 a ton and remained within a 15% intraday limit set by the bourse. Nickel prices jumped 250% in early March touching a…

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London Metal Exchange considers ban on trading Russian metals

The London Metal Exchange is talking with governments about whether it should keep allowing Russian metal to be delivered into its warehouse network, said Chief Executive Officer Matthew Chamberlain.

Evening Standard

Hedge funds line up lawsuits over nickel market chaos

THE LONDON Metal Exchange is facing possible lawsuits from hedge funds over the chaos in the nickel market that saw $4 billion of trades suddenly cancelled.

Evening Standard

Nickel Hits Limit Down Again On London Metal Exchange, Falls 12%: CNBC

The benchmark three-month nickel contract fell 12% on Friday morning to hit a new trading limit, as heavy selling continued on international metal markets, reported CNBC. The price hit $36,915 a metric ton as it opened for trade, stated Refinitiv data. The London Metal Exchange, which still has some open outcry trading, has…

Avalanche of uncertainty drives markets to breaking point

Markets have limits. This year's crises are testing them.

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Nickel Electronic Trading Halted As LME Hit By Glitch: Bloomberg

Nickel Electronic Trading Halted As LME Hit By Glitch: Bloomberg

Nickel electronic trading halted minutes after it restarted at The London Metal Exchange (‘LME’), citing a technical issue with its new daily limit, as prices plunged when the market opened after a week-long suspension,

Questions for the London Metal Exchange to answer over nickel market chaos

Questions for the London Metal Exchange to answer over nickel market chaos

City Comment: The FCA should investigate why the nickel market is closed

Evening Standard

How a billionaire's short bet on nickel shut down the London Metal Exchange

How a billionaire's short bet on nickel shut down the London Metal Exchange

It was the stuff of a Hollywood film: A Chinese tycoon bet on a falling nickel price only to see it skyrocket 250 per cent.

Russia Impact - London Metal Exchange Suspends Nickel Trading After 250% Price Spike

Russia Impact - London Metal Exchange Suspends Nickel Trading After 250% Price Spike

The London Metal Exchange (LME) halted Nickel trading on Tuesday after prices doubled to a record $100,000 per tonne, fuelled by a race to cover short positions after Western sanctions threatened supply from major producer Russia,

London Metal Exchange halts nickel trading as war in Ukraine sparks ‘unprecedented’ price moves

London Metal Exchange halts nickel trading as war in Ukraine sparks ‘unprecedented’ price moves

Nickel briefly rose above $100,000 a ton this morning, more than doubling in what is the biggest price move in LME history

Evening Standard

Oil rallies as US and UK announce bans on Russian oil imports – business live

Oil rallies as US and UK announce bans on Russian oil imports – business live

Rolling coverage of the latest economic and financial news

The Guardian - UK

4 Mining Stocks to Buy as Goldman Sachs Predicts Copper Prices are “Building Towards a Breakout”

4 Mining Stocks to Buy as Goldman Sachs Predicts Copper Prices are “Building Towards a Breakout”

Clean energy investment is driving a long-term positive outlook for copper. And as tensions ease between Russia and the West over Ukraine, copper prices climbed today on the London Metal Exchange (LME). With Goldman Sachs asserting that copper prices are “building toward a breakout,” we think mining stocks of BHP…

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RFHRF: Renforth Resources is advancing two high-priority mining projects: the Parbec Gold Project and the Surimeau District Property.

By Steven Ralston, CFA OTC:RFHRF | CSE:RFR READ THE FULL RFHRF RESEARCH REPORT

Evening Standard

The new gold? Head of historic London Metal Exchange quits to lead crypto start-up

London Metal Exchange chief Matthew Chamberlain will leave after five years leading the world’s biggest industrial metals market to run a blockchain-based asset custodian.

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