The world’s oldest and largest marketplace for industrial metals didn’t give a motive for the sharp rise, however copper volumes hit a report excessive in Might on the again of speculative and fund shopping for.
Copper volumes have been up 27%, however nickel led the way in which with a 77% surge within the quarter.
Nickel volumes have rebounded this yr after languishing since a March 2022 value spike that induced the LME to droop buying and selling.
Whole first-half common day by day volumes on the change, which is owned by Hong Kong Exchanges and Clearing Ltd, have been up 29% yr on yr.
(By Eric Onstad; Modifying by David Goodman)