LME WEEK: Warehousing needs transparency – Doe Run

The London Metal Exchange’s warehousing system needs increased transparency designed to make the system sustainable on a long-term basis, a senior executive at North America’s largest lead producer told Metal Bulletin on Monday October 15.

Sudden leaps in lead warehouse stocks, as have been seen in recent days, is detrimental to the overall health of the market, Jose Hansen, head of sales and marketing at Doe Run, said. “It takes months to see very small quantities come out of warehouses, and all of a sudden we see big chunks of material coming in,” Hansen said in an interview in London. “The system has to work in a better way for everybody – in such a way that everything is more transparent. If a...

Published

Andrea Hotter

October 15, 2012

14:20 GMT

London