Sherritt International Corp T.S

Fascinating document - LME 10% trading band

[rkhosla]

NICKEL SUSPENSION UPDATE: CRITERIA FOR RESUMPTION OF TRADING AND APPLICATION OF PRICE BANDS

They just published this 4th Notice

https://www.lme.com/-/media/Files/News/Notices/2022/03/TRADING-22-055-NICKEL-SUSPENSION-UPDATE-CRITERIA-FOR-RESUMPTION-OF-TRADING-AND-APPLICATION-OF-PRICE.pdf
 

[claimempty]

Wow at least closed to the 11th and 10%+ of yesterdays close puts nickel at 55kUSD until then. Seem pretty bullsh*t but you gotta protect thoose shorts i guess :|

[rkhosla]

If $21.97 is the starting point, then I personally am more than thrilled if we are allowed to rise $2.197 per day.  When this happened to LME tine it was suspended for four years so count your blessings.

[autofocus111]

If Russia slaps an export control on Ni the price of the metal will explode and those 10% daily price movement limits will be a joke. Maybe the LME will go BK and shut its doors permanently, and 'participants'  will pack their bags and move over to the Shanghai Metals Market. >>>Russia issued a vague order saying it would restrict trade in some goods and raw materials in

[autofocus111]

NILSY developed a metals token platform for its products. I saw news today that SAN is doing something similar for agri-commodities in SA. Tokens can connect buyers with sellers without an intermediary. LME's days as a leaching 'market' middleman could soon be over. >>>Agrotoken provides a platform catering for the trading of grains. The platform converts grains into

[VENMan]

So can the same be done to Gold, Oil or Copper trades?  Just stop trading the commodity because the pricewent to high for those short?