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Nickel, used in stainless steel and electric vehicle batteries, spiked in March 2022 to a then-record high of $101,365

UK fines London Metal Exchange over nickel price spike

The UK's financial regulator fined the London Metal Exchange £9.2m today over inadequate systems and controls to deal with a controversial spike in nickel prices in 2022.

Business • 20 Mar

The price of copper breached the key level for the first time since April 2022 to peak at just over $10,028 earlier today.

Copper price tops $10,000 for first time in two years

Copper prices rallied above $10,000 per tonne for the first time in two years today, propelled by soaring global demand and tight supplies.

Business • 26 Apr 24

London nickel trading shows signs of recovery

The London Metal Exchange's (LME) benchmark nickel contract fell again today but for the first time since resuming trade on March 16 the contract did not hit its downside limit and metal was changing hands.

Business • 22 Mar 22

Russia accounts for about 10% of global nickel output

London Metal Exchange's three-month nickel falls 8%

The London Metal Exchange's benchmark nickel contract hit limit down at 8% when it opened today as traders sold on expectations of falling prices for the metal used to make stainless steel and electric vehicle batteries.

Business • 17 Mar 22

The London Metal Exchange is the world's oldest and largest market for industrial metals

Nickel trading resumes only briefly in London

Trading in nickel resumed this morning on the London Metal Exchange after a lengthy pause linked to the Ukraine crisis but was quickly suspended again after a sharp fall.

Business • 16 Mar 22

The London Metal Exchange halted nickel trading and cancelled all trades today in a rare move

LME suspends nickel trading as prices hit $100,000

The London Metal Exchange (LME) in an unprecedented move has halted nickel trading and cancelled all trades today as a race to cover short positions saw prices double in just hours to record highs above $100,000 per tonne.

Business • 08 Mar 22

Aluminium prices have hit levels last seen in 2008

Aluminium price spikes to 2008 peak

Aluminium surged today to a 14-year peak on stretched supplies after China placed the city of Baise - a key producer of the base metal - in Covid lockdown.

Business • 08 Feb 22

Overall lots traded for the first 11 months of 2021 slipped by 7%, latest London Metal Exchange data showed

LME resumes trading after third-party power outage

Trading on the London Metal Exchange (LME) resumed this morning after a power outage as the world's top marketplace for industrial metals struggles with declining volumes.

Business • 11 Jan 22

London Metal Exchange bosses said ventilation has been improved and traders are encouraged to maintain social distancing and wear masks

London Metal Exchange reopens trading floor

Brokers returned to the UK's only open trading pen today as the London Metal Exchange welcomed back floor trading for the first time in 18 months.

Business • 06 Sep 21

Covid closed the London Metal Exchange's red ring of seats and the theatre of arcane hand signals and frenzied shouting by traders

London Metal Exchange will reopen its trading floor

The London Metal Exchange has abandoned proposals to close its open outcry trading floor, the last such venue in Europe, it said today, but added it believes electronic trading is the future.

Business • 08 Jun 21

The move is aimed at cracking down on traditional boozy lunches and client events

London Metal Exchange calls time on traders boozing

The London Metal Exchange has ordered traders to refrain from consuming alcohol prior to work, in a further move by Britain's age-old financial institutions to improve staff conduct.

Business • 14 Jun 19

London Metal Exchange