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Nickel: hedge fund Elliott and Jane Street authorized to sue LME
A London court has decided to authorize Elliott Investment Management and Jane Street to sue the London Metal Exchange for its handling of a controversial short squeeze on the nickel market in March. The two firms filed a so-called judicial review of LME shares in...
Aluminum: LME’s plans to deal with Russian metals trade seen as supporting China
The London Metal Exchange's plan to restrict Russian-origin metal from entering its warehouses could be a turning point for Chinese aluminum prices, along with support from the domestic production situation and production cuts. Chinese aluminum prices are expected to...
Copper: prices up but demand outlook weighs on sentiment
Copper prices are rising today , but poor demand prospects, particularly in China, the main consumer, expectations of further U.S. interest rate hikes, a strengthening dollar and rising inventories have weighed on sentiment. Copper inventories in LME warehouses, at...
Zinc: the third closure of a European smelter aggravates the situation
Europe's energy crisis is taking its toll on the region's industrial capacity, with another zinc smelter undergoing maintenance. Glencore is reducing production at its Nordenham, Germany, plant, citing "various external factors affecting the business and European...