Storage fee rises lower than previous year after LME urges restraint

Rent increases at LME-approved warehouses will be lower in 2014, after the London Metal Exchange urged warehouses to show restraint, the exchange has said.

Rents will increase by an average of 3% in the year beginning April 1 2014, compared with 7% a year earlier.

Free-on-Truck charges, the cost to remove metal from warehouses, will be on average 2% higher year-on-year. This compares with an 8% rise a year earlier, the LME said in a notice to members.



Fleur Ritzema

December 31, 2013

18:25 GMT