LME Has Lost Benchmark Status in a Key Part of the Nickel Market.

The nickel pig iron and nickel sulfate markets, which together represent another 60% or more of global output, are also increasingly using indexes rather than the LME as benchmarks, according to Bories. (Bloomberg) -- The London Metal Exchange has lost its benchmark status in a key part of the nickel market since last year's massive short squeeze, according to one of the biggest producers. [Extracted from the article]