London Metal Exchange - Aliff Capital

New Nickel Scandal Rocks London Metal Exchange

Mar 23, 2023Haroon HaiderRisk ManagementAccess World Rotterdam, bags of stones, commodities trading, electric vehicles, irregularities, JPMorgan Chase & Co., London Metal Exchange, metal trading, nickel scandal, systematic fraud, Trafigura

A New Nickel Scandal came to light when the London Metal Exchange (LME), a major marketplace for industrial metals, has recently discovered bags of stones instead of the nickel that underpinned several of its contracts. The discovery was made at a warehouse owned by Access World in Rotterdam, where the metal had been registered since…

From Ancient Grains to Modern Markets: The Fascinating Evolution of Commodities Trading

Jan 4, 2004Haroon HaiderInvestment Research19th century, agricultural products, Chicago Board of Trade, commerce, Commodities, corn, critical component, Egypt, electronic trading, essential raw materials, financial instruments, fraud, futures contracts, geopolitical events, Global Economy, grain trade, history, inflation, interest rates, livestock, London Metal Exchange, long-term success, market manipulation, market transparency, Mesopotamia, metals, New York Mercantile Exchange, oil, online exchanges, price volatility, raw materials, regulatory oversight, risk management, supply and demand, technology, traded, transportation, wheat

Commodities, also known as raw materials, are basic goods used in commerce, such as metals, oil, or agricultural products. Commodities have been traded for thousands of years, with evidence of grain trade in ancient civilizations like Mesopotamia and Egypt. The modern commodities market, however, has its roots in the 19th century. In 1848, the first…