(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
Nickel prices have crashed in the current year, falling 21% in the year-to-date to $23,300 per tonne thanks to a massive supply glut as Indonesian production continues to outpace global demand