Asian trader spars with broker over nixed London nickel trades
The suit also centers on the LME’s unprecedented decision to suspend the nickel market and cancel billions of dollars in trades.
Commodities trader Trafigura Group will take an almost half a billion dollars charge in first half of 2023, after discovering that some nickel cargoes it bought didn’t contain the metal they were supposed to. The Geneva-based company said the “systematic fraud” was...
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