The Latest Breaking News from LME

Copper prices continue to make lower lows after reaching a record $5.01 per pound high in March 2022. The copper market’s technical trend remains bearish, but fundamentals do not support the red metal’s current path of least resistance.

Fundamental supply and demand analysis finds support from technical analysis; the case for higher or lower prices can be compelling. It creates market confusion when they diverge, leading to sudden and potentially violent price volatility. Copper’s fundamentals remain bullish, but the technical picture has turned ugly.

It's the second scandal involving fake nickel in as many months.

The price spike of 250% last March led to cancelled trades and the first suspension of dealing in decades

Exclusive: Labour Movement for Europe says there is ‘no excuse’ for leader failing to back closer ties – proposing trade, energy and security

HKEX’s London Metal Exchange wrongfully canceled trades in March price spike, American vulture fund alleges in U.K. lawsuit

The London Metal Exchange is being sued for $456 million (£363 million) over its decision to suspend nickel trading and cancel a day of trades.

US hedge fund Elliott Management criticises decision to halt nickel trading after spike in prices

The boss of the London Metal Exchange has reversed an earlier decision to leave, pledging to help fix the market instead following the controversial suspension of nickel trading last month.