You Searched For "LME" and got 20 results
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2 mins read
UK regulators will review the LME's messy halt to nickel trading, after it triggered outrage by canceling $3.9 billion in trades
The Financial Conduct Authority and the Bank of England will review the London Metal Exchange's dec…
Hamza Fareed Malik
2 mins read
The London Metal Exchange is weighing a ban on Russian metals, and is in talks with governments about it
A ban on Russian metals could have a big impact on metals like copper, nickel, and aluminum as Russ…
Hamza Fareed Malik
3 mins read
3 reasons why gold prices have struggled lately, according to Bank of America
Gold prices have been down as weaker demand and soft investor interest have weighed, says BofA, tho…
Carla Mozée
2 mins read
Investors just lost in court over last year's $12 billion nickel-trading fiasco sparked by Russia's invasion of Ukraine
A court ruled that the London Metal Exchange was within its rights to cancel trades during 2022's t…
Phil Rosen
2 mins read
JPMorgan Chase thought it had $1.3 million worth of nickel stored in a warehouse. A closer examination revealed bags of stones.
The bank kept bags of stones in a Dutch warehouse thinking they were bags of nickel that would have…
Lakshmi Varanasi
1 min read
Warehouse workers around the world are being told to kick bags of nickel to make sure they're not filled with stones like JPMorgan recently discovered
Warehouse workers around the world are frantically checking to see that bags of nickel really conta…
Lakshmi Varanasi
1 min read
The world's top metals trader is stuck in another nickel-shipment snafu after getting bags of stones from a Dutch warehouse
Earlier, the Wall Street Journal reported that JPMorgan Chase was the owner of bags of stones at th…
Filip De Mott
2 mins read
Hedge fund Elliott Management sues the London Metal Exchange for $456 million over nickel trading fiasco
The commodities trading hub suspended nickel trading in March after prices briefly topped $100,000 …
George Glover
1 min read
Nickel price volatility resumes as the metal plummets 15% on the London Metal Exchange to hit limit down
On Thursday and Friday, the London Metal Exchange set 8% and 12% trading ranges, respectively, and …
Phil Rosen
2 mins read
Nickel plunges 5% and London Metal Exchange halts trading once again as chaos continues
The fall in nickel suggests a dramatic short squeeze is easing but the trading suspension is an emb…
Harry Robertson
2 mins read
The London Metal Exchange will resume nickel trading with price caps Wednesday, after an epic short squeeze drove prices to $100,000
The LME decision comes after Tsingshan reached a 'standstill' deal with its creditors over the bill…
Hamza Fareed Malik
2 mins read
JPMorgan is the largest counterparty of the nickel 'big short' and is leading talks to contain the damage to the market: reports
About one-third of Xiang Guangda's total short position of more than 150,000 tons of nickel is hel…
Hamza Fareed Malik
3 mins read
Nickel prices skyrocket 110% to top $100,000 a ton, prompting a trading halt after Russian sanctions trigger a big short squeeze
Record price gains in nickel, used in stainless steel and EV batteries, are forcing short-sellers t…
Shalini Nagarajan
3 mins read
Opening Bell: Bear market rally incoming
The stock market still has room to fall even after a rally, Bank of America said. This and more, in…
Phil Rosen
2 mins read
The global hub for metal markets has halted nickel trading until March 11 after prices topped $100,000 per ton
The exchange was forced to suspend trading after nickel doubled to above $100,000 in the "mother of…
Shalini Nagarajan
1 min read
Elon Musk is sounding the inflation alarm as Tesla raises prices amid a squeeze in nickel and other key materials
Elon Musk took to Twitter to sound off on inflation, and said Tesla and SpaceX are both feeling the…
Phil Rosen
2 mins read
US stocks rise as investors weigh rising oil prices against China's economic reopening
China's economic reopening, which was shutdown for two months amid a surge in COVID-19 cases, could…
Matthew Fox
6 mins read
From the college kid who made millions on a meme stock to Kim Kardashian's crypto misadventures, here are 7 of the craziest stories from markets in 2022
This year was a doozy for markets. From Razzlekhan to Kim Kardashian's run-in with the SEC, here ar…
Jennifer Sor
6 mins read
Nifty50 set to clock 10% increase in profit in Q3; banks likely to outperform
Yet another earnings season has begun, as always, with IT services companies reporting a mixed set …
1 min read
Copper prices breach new high in December: Yes Securities
New Delhi, Dec 23 () Copper prices in December breached a new high on the back of various global cu…