News Analysis The London Metal Exchange (LME) on March 17 revealed that the bags of nickel stored in its licensed warehouse contained stones. The LME is supposedly the most trusted and secure minerals trading platform; however, it has had its share of trouble with nickel. The LME announced that nine nickel shipments found in one…
London Metals Exchange Hit by Another Nickel Scam
March 27, 2023
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Business & MarketsChinaChina Business & Economydemon nickelEuropeLondon Metal ExchangeLondon Metal Exchange (LME)MarketsWorld
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Why China Acquired the London Metal Exchange
July 12, 2022
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ChinaChina Business & EconomyChinese Regimecommodity exchangedemon nickelLondon Metal Exchange (LME)
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In early March, nickel futures on the Chinese owned London Metal Exchange (LME) surged by nearly 250 percent. The LME then made the unusual decision to suspend nickel trading for over a week, which canceled thousands of trades worth billions of dollars. That debacle resulted in a probe and several lawsuits. Recently, a Chinese banker…
Why China Acquired the London Metal Exchange: Banker
July 12, 2022
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ChinaChina Business & EconomyChinese Regimecommodity exchangedemon nickelLondon Metal Exchange (LME)
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In early March, nickel futures on the Chinese-owned London Metal Exchange (LME) surged by nearly 250 percent. The LME then made the unusual decision to suspend nickel trading for over a week, which canceled thousands of trades worth billions of dollars. That debacle resulted in a probe and several lawsuits. Recently, a Chinese banker explained…
London Metal Exchange Faces Complaint from US Hedge Fund Group Over Cancelled Nickel Trades
June 15, 2022
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Business & MarketsChinacommoditiesCompaniesdemon nickelhedge fundHK BusinessHKEXHong KongInvestmentLMELondon Metal Exchange (LME)MarketsNickelTsingshan HoldingUKUSUS NewsWorld
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New Analysis On June 1, U.S. hedge fund Elliot Management filed a suit against LME in the English High Court for $456 million over its controversial decision to suspend nickel futures contracts and cancel trades in early March. A few days later, on June 6, trading house Jane Street also filed its case against the exchange…
The LME ‘Demon Nickel’ Incident That Shocked the World Confirmed the Existence of ‘Hong Kong Backdoor’
March 22, 2022
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ChinaChina Business & EconomyChinese Regimedemon nickelLondon Metal Exchange (LME)London Stock ExchangeTsingshan Group
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The “demon nickel” incident of China Tsingshan Group has made the London Metal Exchange (LME) and Tsingshan Group the focus of the international financial market, and gradually exposed the inside story of how the Hong Kong Stock Exchange and the Chinese Communist Party (CCP) influence the global nickel price through the LME. Industry experts believe…
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