I guess we have to trust China to run it properly.
The LME was owned by its members until 2012, when it was sold to Hong Kong Exchanges and Clearing for £1.4 billion.[4]
During the 2022 Russian invasion of Ukraine, worries about sanctions on Russian nickel exports triggered a short squeeze on the LME, causing the price of nickel to quadruple in just two days, reaching US$100,000 per tonne.[5][6][7][8] Controversially, the LME responded by canceling US$3.9 billion of trades, and suspended trading for multiple days.[9][10]
The LME was owned by its members until 2012, when it was sold to Hong Kong Exchanges and Clearing for £1.4 billion.[4]
During the 2022 Russian invasion of Ukraine, worries about sanctions on Russian nickel exports triggered a short squeeze on the LME, causing the price of nickel to quadruple in just two days, reaching US$100,000 per tonne.[5][6][7][8] Controversially, the LME responded by canceling US$3.9 billion of trades, and suspended trading for multiple days.[9][10]