RE:RE:LME Ni stockpiles -810 tons I don't know wether or not you are manic, trolling, or have reading comprehension problems. Frankly, I think you are being intentionally disingenuous with your posts which leads me to want to put you on the ignore list. I actually like some of the links you post so that is something I would prefer not to do
I don't like B.S. wether it is from a bullish or bearish position so I really feel the need to call you out on this AGAIN. This will be the last time I do so as I firmly believe you are not being honest with your posts and I will simply put you on ignore in the future if you continue with this charade.
Nowhere in the article do they mention exchanges ( LME or Shanghai) nor did they say that class 1 nickel was exhausted (they said "getting low") . I don't agree with the "getting low" statement, however, class one nickel reserves have been on a percipitous drop the last six months or so as can be seen by simply looking at the LME warehouse levels.
LME nickel is ALL class 1 nickel. It comes in 3 different forms. Cathode, pellet, and briquette. The most desirable forms are pellet and briquette as far as battery makers are concerned as it is easier to convert into nickel sulphate. The contract specification are crystal clear on the LME. The minimum purity is 99.8%. Furthermore, it specifies the maximum impurity levels of contaminates contained as well. LME grade nickel is a refined nickel product, period. There is no such thing as seperate classes of nickel on the LME as all contracts must adhere to strict specifications and be from an aproved supplier. Simply go to the website and see for yourself.