【LME Monthly News: LME Trading Volume Soars in Q1, Lead Daily Trading Volume Hits Record High in March, Nickel Total Open Interest Up 47% YoY】
In the first quarter of 2024, LME trading volume saw a significant increase, with daily total futures contract trading volume up 31% compared to the same period last year, and total open interest up 21% year-on-year. The most notable increase in trading volume was seen in lead, with daily trading volume hitting a historical high of 83,000 lots in March 2024, a 48% increase from the same period last year. Nickel contract daily trading volume increased by 75%, and total open interest grew by 47% compared to the same period in 2023.

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