CNC:CC - LME Battles Suit Instituted After 2022 Nickel Trading Chaos
The London Metal Exchange is getting ready to head to court and defend itself more than a year after it temporarily halted nickel trades. In March 2022, the London exchange was forced to stop nickel trading and cancel ongoing trades amid a once-in-a-decade crisis that saw nickel prices surge by 250% in just 24 hours.
At the center of the crisis was Xiang Guangda, a Chinese billionaire who runs one of the largest nickel producers in...
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