LME NICKEL

Record copper prices are driven by Chinese stimulus, mine supply concerns as well as green demand. MCX and LME futures surge. The Chinese 1 trillion yuan stimulus has boosted industrial metals demand for electric vehicles, renewable energy, and powe...

But the sanctions will still reverberate through metals markets because of the LME's central position at the heart of the industry. Its prices are used as a benchmark and referenced in a huge number of contracts around the world, and many buyers vie...

ICICI Securities' Analyst, Amit Dixit, examines the impact of Russian metal bans on commodity prices, emphasizing short-term fluctuations and the evolving steel sector in India amidst changing global dynamics. He says: "There would be ways and means...

But there are disagreements about the broader impact of the move: Some argue that removing one of the largest producers from the market will drive prices higher, while others are focusing on the prospect of a flood of old Russian metal getting dumpe...

India is looking to fix the value of lithium and rare earth elements (REEs) found in the country; domestic lithium prices will be linked to weekly prices for lithium hydroxide monohydrate published by the London Metal Exchange. Currently, there is n...

JPMorgan was the owner of the nine invalidated contracts, according to people familiar with the matter. The bank registered the bags of material as being deliverable against LME contracts in early 2022, said the people, who asked not to be identifie...

China reported five new COVID-19 deaths for Dec. 19, compared with two on the previous day, increasing the nation's fatalities to 5,242 the National Health Commission said on Tuesday.

China stocks fell, as COVID-19 flare-ups added to concerns of a dim economic outlook, amid fears that growth will be sacrificed for ideology-driven policies under President Xi Jinping's new leadership team.

Economic growth in top metals consumer China slowed sharply in the second quarter, expanding 0.4% year-on-year and missing expectations, as widespread lockdowns to curb record COVID cases hit industrial activity and consumer spending.

The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers.

For a metal like copper, its uses in everything from heavy industrial machinery to advanced electronics mean the market is tightly linked to economic shifts, and the retreat marks a signal from commodity markets that efforts to get prices back under...

China left its benchmark lending rates for corporate and household loans on hold, with global central banks' rate increases making it tough for Beijing to stimulate a weak domestic economy by lowering rates.​ Last week central banks including the U....

The LME has come in for understandable criticism that it waited too long to suspend the nickel market. The exchange's compliance department, which has unique insight into trading flows, should surely have seen that something ugly was brewing.

Commodity traders remain too big to be ignored — and a possible source of big trouble if left unattended.

Besides suspending nickel trading for only the second time in its 145-year history, the LME also cancelled all trades on March 8 and extended deadlines for those with obligations to deliver physical metal against its contracts.

The LME, which clears all trading of its metals contracts, said on Friday it was raising margin requirements for nickel contracts by 12.5% to $2,250 a tonne. The extra charge kicks in at close of business on Tuesday, March 8.

"The LME has taken this decision on orderly market grounds," the exchange said in a statement, adding that "trading will be disabled in LMEselect, and nickel trading will not be permitted on the Ring."

Russia supplies the world with about 10% of its nickel needs, mainly for use in stainless steel and electric vehicle batteries.

Along with increased stainless-steel production, depleting inventories across exchanges hinted at potential tightness in the global Nickel market.