The Hottest Party in the Metals World Is Canceled
- LME calls off events scheduled for October for safety reasons
- LME Week normally brings thousands of attendees to London
A trader speaks on telephones on the trading floor of the open outcry pit at the London Metal Exchange Ltd. (LME) in London in 2019.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The London Metal Exchange has pulled the plug on the biggest annual gathering in the metals market, canceling all its own events during October’s LME Week because of coronavirus concerns.
From its origins as an annual gathering organized 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.