Chaos could return to the London Metal Exchange with the prospect of a ma-jor player in early March's short-selling crisis said to be planning to physically deliver 100,000 tonnes of metal to the LME to cover his short position. In the blink of an eye, LME ware house nickel stocks could return to levels seen last September, driving the price down from its current near-record US$48,000 a tonne, perhaps back to $25,000/t - the price the day before the short sgueeze trapped Chinese nickel king Xiang Guangda, exposing him to a potential heavy loss.
NSTL
