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commodity exchange – XtremeCuztoms

Tag: commodity exchange

Why China Acquired the London Metal Exchange

July 12, 2022
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In early March, nickel futures on the Chinese owned London Metal Exchange (LME) surged by nearly 250 percent. The LME then made the unusual decision to suspend nickel trading for over a week, which canceled thousands of trades worth billions of dollars. That debacle resulted in a probe and several lawsuits. Recently, a Chinese banker…

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Why China Acquired the London Metal Exchange: Banker

July 12, 2022
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In early March, nickel futures on the Chinese-owned London Metal Exchange (LME) surged by nearly 250 percent. The LME then made the unusual decision to suspend nickel trading for over a week, which canceled thousands of trades worth billions of dollars. That debacle resulted in a probe and several lawsuits. Recently, a Chinese banker explained…

Read More