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London Metal Exchange Ltd

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  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • Sunday, 18 September, 2022
    LME faces backlash from metal brokers for opening during Queen’s funeral

    Row marks latest controversy for the 145-year-old exchange

  • Friday, 16 September, 2022
    LME faces new legal action over decision to cancel nickel trades

    Hedge fund AQR and trading firm DRW Commodities among those seeking more information

  • Friday, 2 September, 2022
    The Commodities NoteGeorgina Hallett
    Please consume metals sustainability data responsibly

    By working through imperfect emissions and environmental information the industry is finding solutions

  • Friday, 19 August, 2022
    Basic resources
    More smelters face closure as Europe enters power-starved winter

    Industrial groups may have to consider imports despite moves to be more self-sufficient

  • Tuesday, 12 July, 2022
    Hedge funds
    Hedge funds cut back trading after LME nickel chaos

    Exchange stepped in to halt a squeeze on a short seller and protect other users from heavy losses

  • Friday, 10 June, 2022
    LME boss may need all his mettle to survive as investors launch law suits

    Chamberlain’s reputation rests on outcome of judicial review claims over momentous decision to cancel nickel trades

  • Thursday, 9 June, 2022
    Gillian Tett
    The LME debacle raises serious questions for the City of London

    This episode threatens to undermine the Square Mile’s claim to ensure a level playing field

  • Wednesday, 8 June, 2022
    Hedge funds file complaint to LME over cancelled nickel trades

    Managed Funds Association says exchange failed to perform its regulatory functions

  • Wednesday, 8 June, 2022
    FT News Briefing podcast9 min listen
    Ukraine’s president: ‘Stalemate is not an option’

    Volodymyr Zelenskyy tells FT conference that western sanctions ‘have not really influenced’ Moscow’s position

  • Tuesday, 7 June, 2022
    US trading firm Jane Street sues LME for nickel trade chaos

    Lawsuit comes a day after similar action by Elliott against metals exchange over March trade halt

  • Monday, 6 June, 2022
    LME hit by $450mn Elliott suit over nickel market chaos

    UK regulators are probing trading suspension that took place in March

  • Monday, 6 June, 2022
    Helen Thomas
    Elliott’s lawsuit could give the City’s metal trading scandal a proper airing

    US hedge fund is claiming $456mn over cancellation of nickel trades on London Metal Exchange

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