LME WEEK: Warehouse system could be more transparent – Codelco ceo

The London Metal Exchange's system of warehousing could be more transparent, the ceo of the world's largest copper producer told Metal Bulletin on Tuesday October 16.

Thomas Keller of Chilean state-run company Codelco said that warehousing provides a function that, if it were to cease to exist, would be replaced by a functionally-equivalent mechanism. “It's less transparent than we'd like; obviously that is a problem,” he said. “We'd like to improve the transparency of off-warrant stocks,” Keller added. There are...


Andrea Hotter

October 16, 2012

18:35 GMT