MB ALUMINIUM CONF: Chamberlain defends LME’s decision on rents

London Metal Exchange head of business development Matt Chamberlain has defended the exchange’s decision not to pursue changes to rental rates or regulations, which was a key point to UC Rusal’s legal challenge to its proposal to alter warehouse load in/load out rules.

Speaking at Metal Bulletin’s 29th International Aluminium Conference in Abu Dhabi, Chamberlain noted that there had been calls to stop warehouses from charging rent on metal that is sitting in long delivery queues. Some market participants have said that...

Published

Jethro Wookey

September 23, 2014

15:15 GMT

Abu Dhabi