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LME nickel actions were effectively a Tsingshan bailout, court hears

The London Metal Exchange's decision to cancel nickel trades in 2022 was in effect a bailout of one major market participant and breached the human rights of other traders, a court in London has heard.

William Clarke
LME nickel actions were effectively a Tsingshan bailout, court hears

The hedge fund Elliott Associates, and the trader and market maker Jane Street Global, are suing the LME over cancelled nickel trades, seeking a combined $472 million in damages The LME closed the nickel...

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