Tag: London Metal Exchange

John Williamson named as LME Chairman

The London Metal Exchange (LME) announced that John Williamson will become the LME’s Chairman under a new fixed-term contract through 28 April 2026. John Williamson...

LME forced to halt nickel trading, cancel deals

The London Metal Exchange (LME) was forced to halt nickel trading and cancel trades after prices doubled recently to more than USD 100,000 per...

Nickel jumps high as power shortage fuels supply fears

Nickel prices climbed to their highest level recently as power shortages and rising electricity costs raised supply worries amid the metal's already low inventories and solid demand.

Molybdenum added to the LME

As of 17 March 2010, the London Metal Exchange (LME) began trading in cobalt and molybdenum, commodities used in everything from jet engines to stainless steel.

Steel’s future – Are futures for steel?

As 2008 promises to be an exciting year for the steel industry, the London Metal Exchange is due to soft launch its long awaited billet contracts in February before full open-cry ring trading commences on the 28th of April.

Nickel hits new high

Nickel has hit a new high on the London Metal Exchange (LME) on 9 May of this year.

Nickel reaches record highs

On 25 January 2007 nickel broke its previous record during London Metal Exchange’s ring trading as available stocks in exchange warehouses plummeted once more and concerns about supply grew.

Nickel rises to 19yr high

On the 9th of October, nickel prices rose to their highest in at least 19 years on the London Metal Exchange amid concern supply won't meet demand after inventories dropped to the lowest in more than two months.

Backwardation limit for Nickel

At 1700 hours on 17 August 2006, The London Metal Exchange announced that the Special Committee has imposed a Backwardation limit of USD 300.00 per tonne per day in the nickel market and that there will be a suspension of the Lending Guidance in respect of those with nickel positions.

LME succeeds in OFT ban lifting

The UK Office of Fair Trading (OFT) has decided to withdraw unconditionally, and in its entirety, the interim measures direction imposed on the London Metal Exchange (LME) on 27 February 2006.