UK Watchdog Fines London Metal Exchange Over Handling of 2022 Nickel Crisis March 21, 2025 By Polina Devitt and Eric Onstad Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three...
London Metal Exchange Triumphs in Lawsuit Over Canceled Nickel Trades November 30, 2023 By Sam Tobin and Pratima Desai The London Metal Exchange (LME) won a legal battle with U.S. financial firms on Wednesday which brought a case demanding...
Another Metals Trading House Says It Has Been Hit by a Nickel Fraud August 25, 2023 By Archie Hunter, Alfred Cang and Jonathan Browning Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of...
London Metal Exchange Failed to Probe Tsingshan Before Nickel Chaos, Court Hears June 22, 2023 By Eric Onstad The London Metal Exchange failed to investigate a large nickel position held by China’s Tsingshan that sparked a chaotic surge...
London Metal Exchange Canceled Nickel Trades to ‘Save’ China’s Tsingshan, Court Told June 21, 2023 By Sam Tobin, Eric Onstad and Pratima Desai The London Metal Exchange canceled $12 billion worth of trades when nickel prices went haywire in March 2022 to “save”...
Hedge Fund Elliott Sues London Metal Exchange for $456M Over Nickel Trading Halt June 7, 2022 By Selena Li and Eric Onstad U.S. hedge fund Elliott Associates is suing the London Metal Exchange (LME) for $456 million for canceling nickel trades after...