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LME Trading Halt Hits Metals Markets From Aluminum to Zinc
Trading has been halted in all contracts on the London Metal Exchange, with dealers unable to place orders in markets ranging from aluminum to zinc as they awaited further information on the cause of the outage. The exchange is aware of an issue and is working to resolve it as soon as possible, a spokesperson for the exchange said by email. Trading data showed the halt came into effect at 2:44 p.m. local time, and an update on the LME’s website showed an issue had been reported with its electronic trading platform, while other systems were operating as normal. Markets remained halted as of 4 p.m. local time, which ... (full story)