The chief executive of the London Metal Exchange (LME) expresses his optimism regarding the recovery of the trading venue from the destabilizing nickel crisis that had posed a significant threat to its existence The past 19 months have been tumultuous for the LME, marked by a runaway short squeeze that prompted the suspension of the world's benchmark nickel market and the cancellation of $12 billion worth of trades These controversial decisions resulted in the departure of disgruntled investors, legal battles, and regulatory scrutiny, all while the nickel contract remained severely damaged
However, Matthew Chamberlain, the CEO, now cautiously speaks of a glimmer of hope He notes the return of "a degree of stability" in the nickel market, citing increased liquidity and reduced volatility
