Creamer Media Login

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

2nd June 2020

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

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

Click Here

MAGAZINE & ONLINE

➕

RESEARCH CHANNEL AFRICA

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕