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London Metal Exchange’s tumultuous three months — here’s what happened

The problems are just the beginning, say market experts who expect not just more lawsuits but a mass exodus down the road

The LME's woes were triggered by a short squeeze in the nickel market and then its controversial move on 8 March to cancel nearly $4bn in nickel trades
The LME's woes were triggered by a short squeeze in the nickel market and then its controversial move on 8 March to cancel nearly $4bn in nickel trades Photo: Bloomberg via Getty Images

The London Metal Exchange has just seen over 90 days of turbulence, arguably the worst in the history of the 145-year-old trading platform.

Can the ‘Ring’ recover? The problems are just the beginning, say market experts who expect not just more lawsuits but a mass exodus down the road.

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