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Nickel crisis: LME faced unprecedented circumstances , lawyer claims

The LME argues it was justified in closing the market and cancelling trades because $19.7bn of margin calls would have created systemic risk.

UK Regulator Was Missing in Action at Start of Nickel Crisis, Filings Show

(Bloomberg) The UK’s market regulator had only superficial engagement with the London Metal Exchange as it sleepwalked into last year’s nickel crisis, according to information made public as part of a legal battle between the exchange and aggrieved traders.Most Read from BloombergTitanic Sub Crew Presumed Dead After Catastrophic ImplosionTitanic Sub Search Chases Mystery Noises as Air Runs LowThese Are the World’s Most (and Least) Liveable Cities in 2023Debris Found Near Titanic Wreck in Sear

The night the nickel market broke

What Really Happened the Night the Nickel Market Broke

(Bloomberg) Matthew Chamberlain had just presided over one of the wildest days in the history of metals markets when he sat down to type a late-night memo to the UK’s financial regulator. But the London Metal Exchange’s chief executive was optimistic.Most Read from BloombergThese Are World’s Most Expensive Cities for High-Class LivingNoises Detected in Search for Titanic Sub as Oxygen DwindlesHedging Failure Exposes Private Equity to Interest-Rate SurgeWhat We Know About the Missing Titanic S

What really happened the night the nickel market broke

What really happened the night the nickel market broke
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