Jane Street Global Sues London Metal Exchange Related For Canceled Nickel Trades: Reuters
London Metal Exchange faces its second lawsuit in a week for $15.3 million from U.S.-based Jane Street Global Trading, following the cancellation of nickel trades in March,
Elliott Management Files Lawsuit Against London Metal Exchange Over Canceled Nickel Trades: WSJ
Elliott Management Corp., an activist hedge fund manager, sued the London Metal Exchange for more than $456 million after the exchange paused nickel trading and invalidated some contracts to dramatic swings in the metal's price, reported WSJ.
The case adds to the LME's problems, which are also under investigation by British financial regulators.
Who Is the Unlikely Cast Behind Nickel’s Big Squeeze?: Bloomberg
It’s been three weeks since nickel was suspended on the London Metal Exchange after a 250% price spike, and while trading has resumed, the market remains all but paralyzed,
Nickel Rises On LME As Buyers Return After Squeeze
Nickel volumes surged as prices traded within the London Metal Exchange’s daily limits for the first time since reopening…
New Week New Limit Down On LME, Benchmark Nickel Price Down 15%: CNBC
Nickel prices continued their decline on Monday, with the benchmark three-month contract falling 15% to hit another new…
5 Best Commodity ETFs To Buy As Oil Prices Soar
Crude oil prices recently reached their highest levels in 13 years after President Joe Biden banned all imports of Russian fossil fuels in response to the country's invasion of Ukraine.
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Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.
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Russia Impact – London Metal Exchange Suspends Nickel Trading After 250% Price Spike
The London Metal Exchange (LME) halted Nickel trading on Tuesday after prices doubled to a record $100,000 per tonne, fuelled by a race to cover short positions after Western sanctions threatened supply from major producer Russia,