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 said a dozen of its members would have defaulted if it did not cancel the nickel trades in March 2022.
December 6, 2022The LME received feedback that a "material portion" of the market is still planning to buy Russian metal in 2023.
November 14, 2022The LME says the decision to allow the Elliott and Jane Street cases to proceed is "entirely procedural" and "in no way a ruling on the merits" of the claims.
October 13, 2022Even without direct sanctions, a significant number of metals consumers are expressing an unwillingness to accept Russian metal in 2023, LME says.
October 8, 2022AQR Capital Management, DRW Commodities, Flow Traders, Capstone Investment Advisors and Winton Capital Management filed legal action against the LME.
September 26, 2022Higher duties on Russian metals imposed as part of a sanctions package have now been extended to nickel.
August 18, 2022A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.
August 9, 2022