The Latest Breaking News from LME

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.

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…

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, 

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

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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…

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

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.