Hedge fund Elliott loses appeal against dismissal of LME nickel lawsuit
Judge ruled that the extreme price movement was "a once in a generation event" and that the LME acted lawfully in cancelling the trades.
CNBC says zinc may finally see some upside as market conditions move from oversupply to shortage, and changes to China’s manufacturing economy will require more zinc:
. . . a number of large zinc mines are coming to the end of their life cycle and are set to be closed down over the next few years. Among these is Century, one of the world’s biggest zinc mines with an annual capacity of 500,000 tons which is scheduled to be closed in 2014.
Comments
Bill
This should be excellent for Lundin Mibning.