• 2022-08-09

Independent nickel market review

The LME has selected Oliver Wyman to conduct an independent review into events in the nickel market leading up to the suspension in March 2022. Notice 22/181: Independent Nickel Market Trading Review - Market Engagement Notice 22/168: Independent Review Selection - Oliver Wyman The review will include extensive market engagement and data collection and is expected to run until December 2022, with the intention of publishing a final report at the end of this process. The Oliver Wyman independent review is seeking to: form a thorough understanding of what led to the market conditions in the Nickel market in Q1 2022 leading up to the market suspension on 8 March 2022; consider the factors that contributed to these conditions in the Nickel market; and identify actions that could be taken by the LME and LME Clear to reduce the likelihood of similar market conditions arising, and mitigate and minimise the impact of them in the event they were to arise. We look forward to considering recommendations put forward as part of the review findings, and to taking further steps to support the long-term health, efficiency and resilience of the market and its constituents. Market engagement As part of the fact-finding phase, Oliver Wyman would like to hear views on the following topics: