Novelis 'disappointed' with LME-Rusal outcome

Downstream aluminium producer Novelis has said it is “disappointed” with the decision from the UK High Court to quash the London Metal Exchange’s decision to bring in linked load-in load-out rates for its warehouses.

“We are disappointed that the LME warehousing rule changes slated to take effect on April 1 are now delayed,” Nick Madden, senior vp and chief supply chain officer at Novelis, said. “Reform is necessary. In our view, the queues at LME warehouses are indefensible. The supply...


Claire Hack

March 27, 2014

15:03 GMT