The London Metal Exchange (LME), the world's largest and oldest metals exchange, announced an 18.2% increase in its daily trading volume for 2024. Among the metals, nickel trading volume surged by 59%. Additionally, tin trading volume also rose by 26%.

Notably, after the nickel price surge in March 2022, which led to the suspension of trading on the LME, nickel trading volumes under Hong Kong Exchanges and Clearing Limited (HKEX) rose.

LME CEO, Matthew Chamberlain, stated that nickel has rebounded to 2021 levels, and as more companies manage their risk exposure through LME contracts, its base metals products continue to perform well.