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12.05 - 07:13
LME revenues drop in wake of nickel crisis
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The London Metal Exchange reported lower revenues and higher operating costs as it looks to recover from last year's nickel crisis.
Daily volume traded also dropped, first quarter results from the LME’s parent company Hong Kong Exchanges and Clearing show, in an early indication of the impact of a decision to cancel $4bn in trades amid a short squeeze last March.
The...
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