LME to go ahead with proposed warehousing policy changes, will contest Rusal’s claims

The London Metal Exchange will go ahead with its proposed changes to warehousing policy aimed at cutting queues for metals, even as aluminium producer Rusal has challenged it, the owner of the bourse said on Tuesday December 24.

The LME has been named as a defendant in a judicial review claim started by Rusal and filed in the English High Court on December 23, LME owner Hong Kong Exchanges & Clearing (HKEx) said in a statement. The judicial review seeks to challenge the LME’s decision on November 7 to shorten the limit on the length...

Published

Shivani Singh

December 24, 2013

08:02 GMT

Singapore