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LME nickel: UK regulator launches investigation into trading halt
Britain's Financial Conduct Authority (FCA) has launched an enforcement investigation into the London Metal Exchange's (LME) suspension of nickel trading in 2022. The FCA investigation will examine the conduct, systems and controls put in place by the LME between...
Nippon Steel may buy more stakes in coking coal and iron ore mines
Nippon Steel Corp may buy more stakes in coking coal and iron ore mines even after its recent decision to invest in a Canadian mine, as it sees the risk that commodity prices will remain high. Japan's top steelmaker said in February that it will spend about C$1.15...
HRC steel: a rise in European prices expected
Hot-rolled coil (HRC) prices in Europe are expected to rise gradually, as buyers expect to start sourcing soon. ArcelorMittal has increased coil bids by 20 euros/mt across Europe. HRC’s new bids in Germany reached 840 euros/mt ex-Ruhr plant and in Italy 820...
Aluminum: open interest and volume on the CME hit a record high in February
Aluminum futures on the Chicago Mercantile Exchange reached record average daily volume in February, up fourfold from a year ago, and open interest also reached all-time highs. Last month, average daily volume reached 3,161 contracts, up 300 percent from a year...