To the irrational surging of current nickel price, Mr. Li Yongjun, JNMC’s president and Chairman of the board, delivered his personal opinion on the disorderly nickel market. He said the LME is no longer a place for fair dealing of metals but a paradise of speculations and that the rocketing and slump of nickel price would do harm to interests of all industries concerned.

Mr. Li showed his great concern about the irrational situation of the current nickel market. He said that it is necessary for the LME to improve the trade regulations and strengthen management of the market. Following such a roiled market can only result in sowing the wind and reaping the whirlwind. It will not only impair development of the downstream industrial sectors and the nickel industry but bring illeffects to the LME and speculators. He deemed that no one can have the last laugh in a market with crazy speculations.