- Write by:
-
Friday, January 12, 2024 - 22:02:17
-
98 Visit
-
Print
Average daily volumes at the London Metal Exchange (LME), the world’s largest and oldest metals forum, gained 11% to 593,537 lots in 2023 with lead volumes surging by 46%, the exchange said on Thursday.
Lead got a boost from index trading after it was included in the Bloomberg Commodity Index (BCOM) for the first time last year.
“This reflects growing interest in the LME markets and increased risk appetite from investors, with market open interest also up 25% since the start of January 2023,” the exchange said.
Nickel trading volumes at the LME, owned by the Hong Kong Exchanges and Clearing Ltd, are yet to fully recover from a hit after a chaotic price spike in March, 2022 that forced the LME to shut the market and cancel billions of dollars in deals.
“We have also seen liquidity build and volatility reduce in LME nickel, with December average daily volume up 55% year on year. This momentum appears to have carried in to 2024,” the LME said.
Short Link:
https://www.miningnews.ir/En/News/627854
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream ...
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions ...
Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for ...
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on ...
Indonesia’s nickel reserves are sufficient for expanded processing operations, an investment ministry official said on ...
The secretary-general of the International Seabed Authority is set to run for a third term leading the United ...
No comments have been posted yet ...