Mining News

London Metal Exchange sued for $456m by Elliott

The London Metal Exchange is being sued for $456 million over its decision to halt and undo trading in nickel after a short squeeze in March caused prices to sky rocket.

The exchange is being sued by Elliott Associates, LP and Elliott International, LP in a case filed in the English High Court on June 1, according to a statement issued by Hong Kong Exchanges & Clearing, its parent company.

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