The rubbish Ghosta is sprouting about the LME lending rules is...

The rubbish Ghosta is sprouting about the LME lending rules is completly inaccurate.

The rule was put into place to avoid a monopoly situation where prices could be pushed up artificially in the market. The prices were pushed artifically high so in effect the new rules were intended to get a truer picture of supply and demand.

Their is no great shortage of nickel currently (stockpiles have gone from 7000 odd to over 30,000) so the rules are no longer needed. With the influx of stock the prices after a time would have re-adjusted themselves without the new rules, but probably much slower.

AGM at $2 now if not for the rules...yeah right.