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‘Nickel’ bought via London Metal Exchange was just bags of stones | Business

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Trafigura Group, one of the world’s biggest metals traders, was among the companies that received bags of stones from a London Metal Exchange warehouse instead of the nickel briquettes they had paid for. | News24_Business

Other shipments were made to nickel trader Stratton Metals in Europe, some of the people said, asking not to be named as the matter isn’t public.

The amount of problem material that had been delivered out of the Access World warehouse was similarly small, at just a few tons. Stratton, for example, received 12 tons, according to one of the people.

 

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