Market Chatter: ShFE Aims to Challenge LME's Nickel Dominance with Global Contract Push

MT Newswires Live
2025/05/21

The Shanghai Futures Exchange (ShFE) is weighing plans to open its domestic nickel futures contract to foreign investors in 2025 as it looks to challenge the London Metal Exchange's (LME) dominance in nickel trading, Reuters reported Monday.

The push follows the 2022 nickel pricing surge that led to an eight-day LME trading suspension, disrupting global pricing, according to the report.

Rather than creating a separate contract on its International Energy Exchange, the ShFE seeks to offer a more stable alternative for the stainless steel and electric vehicle battery material, Reuters wrote.

The exchange will discuss the plans at a metals industry meeting in Shanghai this week, coinciding with LME Asia Week in Hong Kong, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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