LME finds no further 'irregularities' in warranted nickel

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 23 (Reuters) - The London Metal Exchange (LME) said on Thursday it has no reason to believe that any other LME-approved facility is affected by the irregularities found in nine nickel warrants last week at one LME-licensed warehouse. "We are confident that this is an isolated incident," the exchange said in a statement. "We are continuing to work with warehouse operators to complete a thorough check of LME-warranted bagged nickel – the majority of warrants have now been checked, with no further irregularities found, and we will communicate with the market via notice to confirm completion shortly." (Reporting by Pratima Desai; editing by Jason Neely)

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