HKEX Welcomes UK Court Ruling

HKEX Chief Executive Officer, Bonnie Y Chan, said: “We are delighted that the UK Court of Appeal today ruled unanimously in the London Metal Exchange’s favour and dismissed the appeal by Elliott, confirming that the LME acted lawfully and in accordance with its legal obligations during the nickel events in 2022. I would like to congratulate the LME team, led by Matthew Chamberlain, on this outcome, which recognises the important role the LME plays in placing the interest of the market as a whole, at the front and centre, at all times. As an exchange operator, we have an important and unique role to support global markets and economies by running a fair, trusted and well-regulated market, fostering more connectivity for the benefit of all stakeholders. It is now time to look to the future and focus on the incredible opportunities ahead for the LME and for our global commodities business at this pivotal moment in the global energy transition, as we focus on the vital role that we play in connecting capital, ideas and market participants around the world.”