LME Imposes New Rule Forcing Traders to Reduce Big Metals Bets

The London Metal Exchange is implementing a new rule requiring traders with large positions in nearby month contracts to reduce their holdin...

The London Metal Exchange is implementing a new rule requiring traders with large positions in nearby month contracts to reduce their holdings by offering to lend them to others. This decision follows significant market disruptions caused by major energy traders, particularly Mercuria Energy Group Ltd., which held aluminum positions exceeding 1 million tons. The rule aims to stabilize the market amid dwindling inventories.

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