REVIEW: Warehouse wars – put up or shut up

Warehousing has always been competitive, but that sibling rivalry has turned into a full scale war within the metals community.

Delay tactics, breaches of Chinese walls, raids and destocking – warehousing firms have been accused of it all. But when it comes down to it, nobody has actually complained. The stock response of the London Metal Exchange has been to blame governments for year-long queues in getting material out of certain locations, citing low interest rates and cheap money as causes for the financing deals locking away vast tonnages of material. The gist of the message from the exchange is that it will all come to an end when interest rates rise and financing deals unwind, so...


Andrea Hotter

December 27, 2012

04:40 GMT

New York