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LME load-out rates ‘should shift to per-warehouse basis’

May 16, 2011 - 00:00 GMT

‘Impossible’ - Exchange’s proposal to lift daily rates faces opposition

The London Metal Exchange should define inventory load-out rates on a per-warehouse basis rather than a per-location limit, a source at a major warehousing company said on the sidelines of the MB Zinc Conference in Dublin. The LME’s mooted move to increase daily load-out rates, perhaps to 1% of total warehouse inventory holdings, would cause logistical problems for smaller warehousing companies, the source said. In certain stores, such a move could force warehouses to make as...

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