Traders on the trading floor of the open outcry pit at the London Metal Exchange. Photo: Jason Alden/Bloomberg
Bloomberg
Electronic trading was halted in all contracts on the London Metal Exchange (LME) on Monday, with dealers unable to place orders in markets ranging from aluminum to zinc as they awaited further information on the cause of the outage.
The failure came at a critical moment in the metals calendar, as the market approaches the third Wednesday of the month – the main focus of liquidity in the LME’s contracts – just as commodity prices are being rocked by the war in Iran.
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