https://www.miningweekly.com

It’s official, the hottest party in the metals world is cancelled

2nd June 2020

By: Bloomberg

  

Font size: - +

The London Metal Exchange (LME) has pulled the plug on the biggest annual gathering in the metals market, cancelling all its own events during October’s LME Week because of coronavirus concerns.

From its origins as an annual gathering organised by the LME’s golf association, the week-long roster of conferences and cocktail parties has for years marked the traditional start of annual supply negotiations in the metals markets. The LME Dinner attracts more than 1 000 guests, and thousands more descend on London for meetings and side events organized by brokers, banks and trading houses.

While Monday’s announcement only applies to the LME’s own events, the exchange said it “understands that many organisers will reach the same determination as the LME, and cancel their events for 2020.”

There were already widespread doubts about whether the event would run this year. Even so, the cancellation is a reminder that the industry’s path back to normality may be a slow one, even with governments around the world moving to reopen their economies.

The bourse will hold a virtual event in its place and “looks forward to the market coming back together in October 2021,” it said in a statement.

Edited by Bloomberg

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.373 0.421s - 112pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: