LME confirms that, following a 100% inspection of all bagged nickel warrants in LME-licensed warehouses, no further irregularities have been found in LME-warranted nickel stocks, and that Asian hours nickel trading will resume on Monday 27 March.
Last week, LME requested that all licensed warehouse operators undertake additional inspections on LME-warranted nickel, after nine nickel warrants were found to be non-conformant with the contract specifications. In particular, the LME has provided information to warehouse operators as to the irregularities discovered in the incident, and the steps needed to check that such irregularities are not present in any other bags.
The LME has now received confirmation from all its licensed warehouses that they have completed a full inspection of all bagged nickel warrants. The LME confirms that no further irregularities have been found…
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