LME records highest trading activity since 2015 as nickel & tin lead growth
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Update time : 2025-01-17 17:01:26
The London Metal Exchange (LME) has achieved its most active trading year since 2015, with 2024 marking the fourth-highest trading activity on record. This significant milestone highlighted the LME’s recovery from the nickel crisis of March 2022 and its renewed growth potential.
In 2024, the LME reported an average daily trading volume of 664,698 lots, a notable 18.2% increase compared to 2023. Nickel trading volumes surged by 58.8%, fully recovering to 2021 levels. The growth in nickel trading is attributed to increased inventories providing liquidity, renewed investor interest in industrial metals following 2022’s market turbulence, and strong fund inflows into the recovering metals market.
The rising demand for nickel, driven by the expansion of electric vehicles and renewable energy sectors, has further fueled this recovery. As a key material for stainless steel and batteries, nickel plays an increasingly pivotal role in the global energy transition.
Tin trading also showed impressive growth, with volumes rising by 26%, reflecting broader market activity and increased investor interest in metals amid economic uncertainty and inflationary pressures.
