The Shanghai Futures Exchange has allowed Glencore's Nikkelverk nickel brand to be physically deliverable as a registered brand against its nickel futures contracts as of May 21, the exchange said.
Nikkelverk is a branded electrolytic nickel (Ni 99.80, electrowinning) produced by Glencore Nikkelverk, a wholly owned subsidiary of Glencore Canada, which has registered capacity of 80,000 tonnes, the SHFE said.The approval allows Glencore to become the second international company with nickel brands for delivery on the SHFE besides Russia's Nornickel, which...