As nickel prices surged and for hours after a large Chinese bank missed a margin call, the Financial Conduct Authority was largely passive in its interactions with the LME.

Further rate increases are “a pretty good guess” of where the central bank is heading, Powell said on Wednesday.

After swinging between gains and losses since Monday, iron ore is on course for a modest weekly drop.

Washington last month included Polyus and Polymetal's Russian business on its list of sanctions targets.

Since its discovery in 2016, Marimaca has more than doubled its Chilean deposit's resource.

Supply has tightened because of recent unfavorable import conditions, partly due to a weakening yuan.

Documents made public in a court hearing this week recount in detail the LME’s fateful decisions in early March 2022.