LME CEO Matthew Chamberlain to stay as bourse recovers from nickel chaos
- Matthew Chamberlain had announced plans to leave in May for Komainu, a custody business for digital assets
- Decision to stay follows a chaotic period that saw nickel trades cancelled, week-long suspension
Chamberlain announced in January that he was planning to step down next month for a top role at Komainu, a custody business for cryptocurrencies and other digital assets backed by digital asset firm CoinShares, crypto-wallet company Ledger and Nomura.
“Events of recent weeks have brought into focus the importance of the LME and the metals markets,” Chamberlain said in a statement. “I want to continue to work with the team on supporting the long-term health and efficiency of the market and drive forward the sustainable development of our industry.”
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Putin tells ‘unfriendly’ nations to pay in roubles for Russian gas as economic sanctions bite
Nickel prices, alongside other commodities, surged in early March following Russia’s invasion of Ukraine and concerns about supply shortages.
