The LME was ill-informed as to the size of the positions in the market, and they didn't know The LME was all concentrated in one hand, the LME didn't know that there was one company sitting on the other side of this with a 150,000-ton short.

John Browning

John Moses Browning, born in Ogden, Utah, was an American firearms designer who developed many varieties of military and civilian firearms, cartridges, and gun mechanisms, many of which are still in use around the world. He is regarded as one of the most successful firearms designers of the 20th century, in the development of modern automatic and semi-automatic firearms, and is credited with 128 gun patents. He made his first firearm at age 13 in his father's gun shop, and was awarded his first patent on October 7, 1879 at the age of 24. Browning influenced nearly all categories of firearms design. He invented or made significant improvements to single-shot, lever-action, and slide-action, rifles and shotguns. His most significant contributions were arguably in the area of autoloading firearms. He developed the first autoloading pistols that were both reliable and compact by inventing the telescoping bolt, integrating the bolt and barrel shroud into what is known as the pistol slide. Browning's telescoping bolt design is now found on nearly every modern semi-automatic pistol, as well as several modern fully automatic weapons.

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