Whenever PoN dips, The Ev industries will be taking advantage and will be Hoarding
Nickel Stocks from LME. It is now below 320K. The Type of Nickel under LME is below.
This are most suited for the EV industry.
LME Nickel
Quality
The nickel delivered under this contract must be Primary Nickel and conform to one of the following Standards:i) ASTM specification B39-79 (2013) – min 99.80% purityii) GB/T 6516-2010 - Ni9990 grade
1
Shape
Cathodes (full plate and cut), pellets, briquettes
2
Lot size
6 tonnes
3
Warrant
6 tonnes (with a tolerance of +/-2%)
4
Brands
All nickel deliverable against LME contracts must be of an LME-approved brand