Russian origin nickel removed from the GCH list of screen tradeable nickel products

Global Commodities Holdings announced today that it will not accept Russian origin nickel for delivery on its physical nickel spot trading platform, due to go live before the end of this month.

The removal of the option to make or take delivery of Russian Class 1 nickel follows the recent decision by US and UK authorities to place sanctions on several Russian metals.

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About GCH

Following more than two decades of providing a standardised, transparent marketplace to the international seaborne coal market, Global Commodities Holdings has expanded its offering by adapting its model to provide a venue for the trading of physical metal commodities based on standardised T&Cs. The objective, verifiable pricing data generated by sales and purchase activity on the platform is used to generate robust benchmarks, calculated on the basis of a tried-and-tested methodology. This transformative model has been applied to the market for Class 1 nickel, with more metal commodities in development.