LME failed to probe Tsingshan before nickel chaos, London court hears
Hedge fund Elliott Associates and market maker Jane Street Global Trading are demanding $472 million in damages.
Hedge fund Elliott Associates and market maker Jane Street Global Trading are demanding $472 million in damages.
Talon said the submittal covers several key aspects of the Tamarack nickel project, including no crushing or processing of ore at the mine site and water treatment.
Documents made public in a court hearing this week recount in detail the LME’s fateful decisions in early March 2022.
Market had a deficit of 2,600 tons in the same month last year.
Two financial firms are demanding a combined $472 million in damages.
Next week, Paul Singer is taking on the London Metal Exchange.
Trafigura found out that some cargoes it had bought didn't contain the nickel they were supposed to.
An updated resource adds more than 24 million tonnes of contained metal.
Deal includes the gold royalty on Mineração Vale Verde, which will be sold to ACG for $65 million in cash.
The exchange received an application to approve nickel produced by China's Quzhou Huayou Cobalt New Material Co.
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