06
Jun
16:04
Elliott Management challenges LME nickel cancellations
US fund manager Elliott Management is seeking $456 million in damages from the London Metal Exchange (LME), in judicial review proceedings started in England on 1 June.
An Elliot spokesperson told Kallanish on Monday the hedge-fund company believes LME acted “unlawfully” when it cancelled nickel trades on 8 March, 2022. It says LME exceeded its powers when it cancelled those trades or exercised the powers that it did have “unreasonably and irrat…
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Anonymous
Very good overview of the weekly steel market.
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