Nickel Buyers On Edge As Another LME Scandal Unfolds

Via AG Metal Miner The London Metal Exchange and its notorious nickel contract are back in the limelight again. This time, the news has to do with reports of potential fraud with a recent LME nickel shipment. The scrutiny comes following the discovery of nine warrants, some 54 tons of Nickel briquettes, that turned out to contain rocks. The discovery came following a delivery out of Access World’s Rotterdam warehouse. At the time the nickel arrived at the warehouse, Glencore had full ownership. However, a BVI firm called Global Capital…