Looks like chinese owned LME is in hot water now defending its chinese brother BIG SHOT.
Full trial upcoming & blocking attempts failed miserably as any lawyer should tell you it would.
Who do you think the UK western courts will back in this case, the chinese price fixers or the burnt yank hedgies free marketeers?
If the Assange case is anything to go by, the outcome is already decided imho.
the floodgates of the other western hedgies will then open and the NP will be finally freefloated as it should have been for a decade now and not price fixed by the CCP
Then the LME will be then forced to impose free market trading of NP & have an administrator appointed or the CCP forced to sell its control to a western group like Lloyds or Morgan Stanley
LME is going to BURN & pay $Bs for their breaches and anti competitive conduct.
the NP will then rocket to market price as a beeline of western hedgies BURN BIG SHOTS SHORTS to HELL.
NP 15-25-40-25
NP needs to be 15-25 to promote western Ni production and mining & break this eastern oligopoly.
anyone doubting me after my correct calls the last 12 months?
https://w w w . k i t c o . c o m / n ews/2022-10-10/UPDATE-3-UK-court-says-Elliott-Jane-Street-can-sue-LME-for-cancelled-nickel-trades.html
"LONDON, Oct 10 (Reuters) - A British court has granted permission for U.S.-based hedge fund Elliot Associates and Jane Street Global Trading to sue the London Metal Exchange (LME) for cancelling nickel trades in March, a court document showed.
Elliott and Jane Street are demanding damages of $456.4 million and $15.34 million respectively, after the nickel price topped a record $100,000 per tonne on March 8, prompting the LME's suspension of nickel trading and voiding of trades.
The nickel trading episode has been the biggest crisis to hit the world's oldest metals forum in decades. The LME has 28 days from Oct. 3 when the ruling was made to file its defence."
BURN BIG SHOT, BURN!
(20min delay)