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Storage fee rises lower than previous year after LME urges restraint

December 31, 2013 - 18:25 GMT Location: London

KEYWORDS: LME , base metals , aluminium , copper , warehousing

Rent increases at LME-approved warehouses will be lower in 2014, after the London Metal Exchange urged warehouses to show restraint, the exchange has said.

Rents will increase by an average of 3% in the year beginning April 1 2014, compared with 7% a year earlier.

Free-on-Truck charges, the cost to remove metal from warehouses, will be on average 2% higher year-on-year. This compares with an 8% rise a year earlier, the LME said in a notice to members.

"On...

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