Glencore Xstrata’s Pacorini delists 14 warehouses in Vlissingen

Glencore Xstrata’s warehousing arm Pacorini Metals has delisted 14 warehouses in Vlissingen, The Netherlands, the London Metal Exchange said in a notice on Tuesday February 11.

The delisting comes a day after commodities trading firm Trafigura’s warehousing unit Impala Terminals UK Ltd delisted eight LME warehouses in Antwerp, Belgium. Pacorini has another 41 warehouses in Vlissingen. The London Metal Exchange has set an April 1 deadline for implementation of its new warehouse rules. After a three-month market consultation, the LME decided to shorten the limit on the length...


Shivani Singh

February 12, 2014

04:18 GMT