[Ferro-Alloys.com] 

LME expects more fast-track listings after approval of new nickel brand

The London Metal Exchange (LME) said on Thursday it had approved nickel produced by Quzhou Huayou Cobalt New Material, a subsidiary of China’s Zhejiang Huayou Cobalt, as a list brand and expects more brand applications in coming months.

It is the first new approved brand for delivery against the LME nickel contract since the exchange cut the waiting time for listing as part of its program to revive nickel trade volumes after a 2022 crisis.

“We expect to see more fast-track applications come through in the coming months,” the LME, owned by Hong Kong Exchanges and Clearing, said.

• [Editor:邢亚敏]