The LME puts 2022 nickel crisis behind it as trading booms

Recovery path: Traders at the LME. All the LME base metals except tin saw higher exchange stock levels last year, which helps explain the rise in activity across all the core contracts. — Bloomberg

THE London Metal Exchange (LME) has now fully recovered from its near-death nickel crisis in 2022, with trading activity last year the strongest since 2015 and the fourth highest on record.

Average daily volumes at the 148-year-old institution were 664,698 lots in 2024, up by 18.2% from 2023, the LME said.