Nickel
LME ‘not taking its role for granted’ after nickel crisis
The exchange is pushing through a host of reforms to try and head off more volatility, but will they work?
LME tells court it halted a ‘death spiral’ with cancelled nickel trades
The exchange argued the crisis would have caused further 'significant and systemic damage' but for its intervention
4 min read
London Metal Exchange fights back against nickel lawsuits: ‘The market had become disorderly’
Without intervention the nickel market would have been subject to a $20bn margin call, LME says, as it fights back against trader legal action
3 min read
LME mulls Russian metal ban over worry exchange may become target for Muscovite firms
The exchange has developed three options for dealing with Russian metals as the war continues into its seventh month
2 min read
LME mandates reports of OTC contracts after nickel blindside raised transparency issues
New reporting requirement to go into effect 18 July
3 min read
Hedge fund boss Ken Griffin says LME was ‘incomprehensibly wrong’ to wipe $4bn in nickel trades
Griffin is the latest in a number of market participants and regulators to comment on the LME’s handling of nickel trading in March
4 min read
Metals guru on the ‘apoplectic rage’ of nickel traders over LME debacle
“Every trader has been wrong at some point due to a short position: you man up, take your loss and move on”
5 min read
UK watchdog says LME ‘needs to learn lessons’ after nickel chaos leads exchange to wipe $4bn in trades
The Financial Conduct Authority says its taking 'very close interest' in the London Metal Exchange following the nickel market mayhem
3 min read
LME declares some nickel trades ‘null and void’ as chaos plagues market for third week
Nickel has had a wild ride after the metals exchange cancelled some $4bn in transactions on 8 March
3 min read
LME draws ridicule as nickel markets see third day of chaos
'Is anyone thinking about the Rubicon that has been crossed?' asked hedge fund founder Clifford Asness
4 min read
LME’s nickel woes continue for second day
Another error caused a delay to the start of trading as the LME struggles to get nickel trading back to normal
2 min read
LME resumes nickel trading… again
LME once again reopen trading in nickel after suspending it due to an 'IT error'
LME scrambles to prevent damage from nickel market crisis
The iconic exchange is grappling with the fallout from a landmark market suspension
