Stratton Metals News Today

LONDON (Reuters) - The London Metal Exchange (LME) launched two consultations on Wednesday on possible reforms in the wake of last year's crisis in nickel trading, saying it was following up on an action plan set out in March. | 11:45am

The London Metal Exchange is tightening rules for handling nickel by its network of warehouses, following the shock discovery earlier this year that some of its nickel contracts were instead backed by bags of stones. The LME will now require warehouse companies to carry out additional checks in an attempt to prevent a repeat of the scandal, according to people familiar with the matter. The tests include using magnets and metal detectors to ensure that the bags do in fact contain metal, and a so-...

(Reuters) - The London Metal Exchange (LME) will require warehouse companies to carry out additional checks on stocks of warranted nickel following irregularities earlier this year, Bloomberg News reported on Friday. | 02:24pm

Reports of potential fraud in a recent LME nickel shipment by Access Worlds Rotterdam warehouse have put nickel buyers on high alert.

A shocking case of fraud continues to rock LME Nickel. Meanwhile, insiders debate the use of blockchain technology to prevent such scams.

Below are some of the major developments of the crisis: | March 30, 2023

When traders at Stratton Metals sold 24 tonnes of nickel to a customer in Germany, they did not expect to find themselves caught up in one of the most embarrass

The London Metal Exchange said on Thursday it has no reason to believe any other LME-approved facility is affected by the irregularities found in nine nickel warrants last week at one... | March 23, 2023

Buyers of nickel on the London Metal Exchange nervous about receiving material that does not meet specification are rolling their positions forward by selling nearby contracts and buying... | March 23, 2023

The London Metal Exchange said on Thursday that no further irregularities have been found in LME-warranted nickel stocks following a 100% inspection of all bagged nickel warrants in... | March 23, 2023