The London Metal Exchange’s nickel platform has been rocked by volatility this year, driven by a physical shortage of pure nickel, the sanction spree on Russia (which accounted for 17% of global produ...
Tag: LME
Analysis: Elliott Management, Jane Street sue LME for nickel debacle
On the 8th of March 2022, prices of nickel futures spiked over 111% and were higher by over 250% in two trading sessions reaching historic highs of over $100,000 per metric ton on the London Metal Exc...
LME hit with another suit over the halting of nickel trading
The London Metal Exchange (LME) has been sued by another US firm just days after a hedge fund filed a $456 million suit against the platform. On Tuesday, Jane Street Global Trading filed a suit for $1...
Elliott Management sues LME for $456M over nickel trading debacle
Hedge fund firm Elliott Management has sued the London Metal Exchange (LME) for $456 million over claims related to nickel trading. The company has filed its case against the exchange in a British cou...
LME faces Elliott Management’s US$456 million lawsuit for suspending nickel futures trading, cancelling trades
The London Metal Exchange (LME) has been sued in the British courts by affiliates of American hedge fund Elliott Management over its controversial decision in early March to suspend trading of nickel ...
Hedge Funds Walk Away From LME After $3.9 Billion Trades Torn Up
(Bloomberg) — Fund manager Luke Sadrian has been trading metals for thirty years, at hedge fund titans Brevan Howard and Moore Capital to now running his own shop. For the first time in his care...