Elliott Management’s Legal Challenge Against LME Fails

Post Views: 554 LME In a decisive ruling, the UK Court of Appeal has confirmed the London Metal Exchange’s (LME) authority in a contentious dispute regarding the cancellation of nickel trades, effectively ending Elliott Management’s legal challenge. The court upheld a prior decision favoring the LME, which had intervened during a market crisis in March 2022.   Court Supports LME’s Crisis Management The legal conflict traces back to March 8, 2022, when nickel prices skyrocketed past $100,000 per ton due to a severe short squeeze, causing significant market disruption. In response, t...