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LME again in court. Will face $15.3 million lawsuit
The London Metal Exchange (LME) has been sued for the second time in less than a week as legal challenges mount over its decision to suspend and cancel nickel futures trading in March. Jane Street Global Trading, a trading firm, filed a legal challenge against the LME...
Copper: prospects for stronger Chinese demand push prices to five-week highs
Copper prices rose to five-week highs on Monday after the lifting of COVID blocks in China, the main consumer, boosted the demand outlook, while declining inventories provided further support. China slowly reopened and announced policy measures to support the economy....
Copper: Peru seeks solution to Las Bambas crisis
Peru's Council of Ministers met Friday to try to find a truce to the ongoing conflict that has paralyzed operations at MMG Ltd's Las Bambas copper mine, with some leftist lawmakers suggesting that the solution would be nationalization of the company. Operations at Las...
Reduction in stocks could mean greater volatility in LME metal prices
Falling inventories in the London Metal Exchange's registered warehouses mean that price fluctuations in metals such as copper, tin, and zinc are likely to be a common feature that could last for some time. The recovery of the manufacturing industry after the lifting...