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Nickel Crisis Shows LME Could Learn From China, Minmetals Says
Last year’s nickel crisis shows that risk controls and management at the London Metal Exchange are worse than those of its main Chinese rival, the Shanghai Futures Exchange, an executive at a Chinese state-owned brokerage said. The comments from Zhang Bizhen, managing director at Minmetals Futures Co., a unit of China Minmetals Corp., drew a spontaneous round of applause in Shanghai on Thursday, where he was speaking at the CRU World Copper Conference Asia. The LME has drawn fire from all sides since a massive nickel short squeeze caused prices to quadruple in a few days in March 2022, prompting the world’s ... (full story)
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- Posted: Nov 16, 2023 8:58pm
- Submitted by:Category: Metals Industry NewsComments: 0 / Views: 169
