LME proposes to boost load-out rates, cap rents to tackle queues [UPDATED]

A market-wide consultation by the London Metal Exchange (LME) will gauge the response to two new queue-cutting proposals as the bourse enters what it hopes is the “final straight” of its warehouse reform programme, ceo Garry Jones said at a briefing on Tuesday July 1.

Following a two-month discussion period, the exchange has recommended an increase in the minimum load-out rates for metal stored in its approved warehouses, and a new cap on rent that...

Published

Charlotte Radford

July 03, 2015

16:00 GMT

London