Did someone pull a fast one on the London Metal Exchange? | #shorts

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Did someone pull a fast one on the London Metal Exchange?
Imagine your JPMorgan, the leading bank in the metals market.
A few years ago, you buy $1.3 million worth of nickel that’s sitting in a warehouse in Rotterdam.
Early last year, you register those bags of nickel on the London Metal Exchange as being deliverable against contracts.
One tiny problem: those bags of nickel don’t actually contain any nickel.

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