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23 Oct
05:04

LME announces investigation after inventory slumps

The London Metal Exchange (LME) has sent an email to members asking for more details of “… significant client activity” in nickel warrants according to report by Bloomberg monitored by Kallanish. It has also asked members to identify the client and business reason for transactions since 1 September, the report suggests. Bloomberg had previously reported that China’s Tsingshan Group is working with financing institutions such as JPMo…
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