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While there's been no suggestion of wrongdoing in this month’s squeeze, the LME has a rich history of wild price moves when markets are over- or undersupplied.

The wild moves in the copper market this week have sent traders into the history books. As inventories on the London Metal Exchange dropped to the lowest in decades, the price of contracts for immediate delivery surged to a record premium of more than $1,000 a ton to contracts for delivery in three months — the hallmark of a supply squeeze. The exchange has responded by launching an inquiry and imposing emergency rules.

Hamilton ran a stop sign at the intersection of Birchs and Robinsons roads in Prebbleton, and crashed into Lambie’s vehicle. The impact caused Lambie's car to spin out of control and hit a van that was stopped at the stop sign on the other side of the intersection. Waghorn, Lambie and Hamilton all sustained serious injuries and had to be rushed to hospital. Waghorn succumbed to her injuries several hours later. Lambie spent five weeks in hospital and needed multiple surgeries. It took her four months to get to a stage where she could walk unaided indoors. Hamilton also spent weeks in h...

Man claims racist abuse directed at Indian family was 'light-hearted' 11 Feb, 2021 05:26 PM 2 minutes to read The court heard the man considered his comments to be "light-hearted". Photo / File Otago Daily Times By: Rob Kidd A man who racially abused a family at a popular Dunedin landmark admitted the xenophobic comments but claimed they were "light-hearted". Dean Branden Rowe (25) appeared in the Dunedin District Court last week where he pleaded guilty to offensive behaviour. Defence counsel Noel Rayner said his client disputed some of the specific allegations against him but admitted the ch...