Alcoa asks LME for timeframe on steps to improve transparency

US aluminium producer Alcoa has called on the London Metal Exchange to provide a clear timeline in which it plans to implement changes to create a more transparent marketplace.

Commending the exchange for taking steps to introduce transparency, Alcoa said it would “increase fairness and improve market function”. It also said it supports the LME’s intention to examine creating premium contracts, which Alcoa recommended in its response to the LME’s...

Published

Andrea Hotter

November 08, 2013

01:55 GMT

New York