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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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