City Of London
Chinese Group Heads to LME With Plan to Draw a Line Under Nickel Crisis
- Huayou President Chen scheduled to meet LME CEO next week
- Huayou wants to register refined nickel brand for LME delivery
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One of the key Chinese players in last year’s nickel short squeeze is preparing to meet London Metal Exchange Chief Executive Matthew Chamberlain in the first face-to-face encounter since the crisis that upended the global metals world.
Chen Hongliang, the president of mining and refining company Zhejiang Huayou Cobalt Co., plans to discuss an application to register the company’s nickel for delivery on the exchange at the meeting early next week, according to people familiar with the matter, a move which — if it happens — could help to revive trading in the LME’s beleaguered nickel contract.