LME nickel mayhem: London to resume trading after Chinese ‘Big Shot’ Tsingshan lines up bank credit to forestall market chaos over its short positions

Source: China – South China Morning PostThe London Metal Exchange (LME) will resume trading nickel on Wednesday after its controversial weeklong halt, confident that funding lined up by the largest short-seller of the metal can avert the catastrophic price surge that threw the bourse into chaos.Transactions will resume at 8am London time on Wednesday, as a major market client had gained the support of banks that might mitigate further “disorderly conditions,” said the LME, a unit of Hong Kong Exchanges and Clearing Limited (HKEX)…Read More

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