The FCA thinks the LME does not have adequate supervisory controls for Asia market hours. The Oliver Wyman review has also been released.
January 13, 2023The lawsuit sought disclosures from the LME regarding its March decision to cancel nickel trades. The court said the merits of the case were "weak".
December 30, 2022The US imposed new sanctions against Russian FIs and the country's richest businessmen. The European Council adopted a ninth sanctions package against Russia.
December 19, 2022The LME received feedback that a "material portion" of the market is still planning to buy Russian metal in 2023.
November 14, 2022Even without direct sanctions, a significant number of metals consumers are expressing an unwillingness to accept Russian metal in 2023, LME says.
October 8, 2022Higher duties on Russian metals imposed as part of a sanctions package have now been extended to nickel.
August 18, 2022Market participants expressed concerns regarding their ability to ensure data is properly and accurately reported by the implementation date, earlier set for 18 July.
July 20, 2022FPIs will be allowed to trade non-agri commodity derivatives and select non-agri benchmark indices. Only cash-settled contracts will be allowed.
July 1, 2022A lack of transparency in OTC positions was a key reason the LME struggled to manage the turbulent nickel trading earlier this year.
June 21, 2022Judicial review claims from Elliott Associates and Jane Street Global Trading challenge LME's decisions to cancel nickel trades in March.
June 7, 2022