A new currency is only part of the China is pioneering new exchanges to shift commodity trading from Western institutions like the troubled London Metal Exchange and the New York Mercantile Exchange.

Source: https://nypost.com/2023/03/11/why-the-us-dollar-has-become-an-at-risk-currency/

The High Court has rejected an attempt by a US hedge fund to sue the London Metal Exchange for nearly half a billion dollars over its decisions when nickel prices spiked dramatically last year.

Source: https://www.alloaadvertiser.com/news/national/23955929.us-hedge-fund-loses-360m-legal-challenge-london-metal-exchange/?ref=rss

The London Metal Exchange (LME) is to lose its chairman as it grapples with the fallout from the nickel market scandal.

Source: https://www.dailymail.co.uk/money/markets/article-11607611/London-Metal-Exchange-chair-steps-nickel-shambles.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

The three-month copper on the London Metal Exchange fell 0.2% to $8,963.50 a tonne by 0643 GMT.

Source: https://financialpost.com/pmn/business-pmn/copper-falls-to-near-4-week-low-on-firm-dollar

Three-month copper on the London Metal Exchange was up 0.2% to $8,260 per metric ton by 0151 GMT, and the most-traded September copper contract on the Shanghai Futures Exchange added 0.2% to 68,440 yuan ($9,371.36) per metric ton.

Source: https://www.marketscreener.com/news/latest/Copper-rebounds-as-China-vows-to-resolve-local-government-debt-risks--44657397/?utm_medium=RSS&utm_content=20230820