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The LME brought in emergency measures on Tuesday evening to address the situation. Among them was a temporary change in rules allowing anyone with a short position who is unable to deliver copper to defer their delivery obligation for a fee.
https://finance.yahoo.com/news/happens-world-key-metal-exchange-141118223.html
Thanks Liberty
This is Huge …Huge I tell ya
it really is
Shows in real time what can happen when the cartel breaks!
China smells the gig, pumping up the coal big time.
“China’s gov’t has ordered coal miners to spare no expense in boosting output, calling on the sector to deliver over 12 million tons of the fuel a day in the final 3 mos — equivalent of adding 100 million tons, roughly what commodities giant Glencore Plc produces in a year.-BBG “