“Unfair practices” under the new LME policy
could put the “normal functioning” of the metals market in jeopardy, according to Eurofer.
“Eurofer believes that the ‘load-in, load-out’ proposal is based on arbitrary factors. These should be re-assessed taking into account three key elements: market conditions, metal requirements of physical users and the specificities of warehousing sites,” the association said.
“The current proposal favours metal producers and non-physical users rather than physical end-users. Moreover, the ‘load-in, load-out’ proposal will have...