Page 3 - Access World News Today

JPMorgan, one of the top US banks and among the biggest names in the commodities trade on Wall Street, took delivery of bags of stones instead of the nickel that it paid for, US media reported.

An apparent mix-up at a warehouse in Rotterdam led to JPMorgan Chase buying what it thought was $1.3 million worth of nickel but turned out to be bags of stones.

Bags of nickel worth $1.3 million contained nothing but stones—and prompted more scrutiny of the LME

Read Andrea Hotter's latest article on how Glencore’s Gary Nagle might have spoken too soon when he said that his company wouldn’t be hit by a nickel fraud similar to that seen by its rival, Trafigura

The London Metal Exchange has reported "irregularities" with bagged nickel briquettes at one of its warehouses, according to a statement Read Full Article at RT.com

The LME has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam.

WiseTech Global Limited (OTCPK:WTCHF) Q2 2022 Earnings Conference Call August 24, 2022 08:30 p.m.

Logistics software business WiseTech Global [ASX:WTC] released its FY22 results, revealing profits rose 80%, with CargoWise revenue up 37% and total revenue up 26%.

LONDON: The London Metal Exchange's (LME) global warehousing network is shrinking rapidly, including Malaysia.

The London Metal Exchanges (LME) global warehousing network is shrinking rapidly.