LME seeks agreement on new warehouse charge consultation

The London Metal Exchange is proposing to give warehousing firms an opportunity to reduce their rent and FOT charges and is seeking their collective agreement to release an official consultation notice on February 5, people familiar with the matter told Metal Bulletin.

The proposal, debated during an extraordinary meeting of the warehouse committee at the LME's new premises in Finsbury Square, is designed to encourage companies that plan to increase charges from April to drop them. The LME described the proposal as a "reopening of the window of opportunity" for firms to "modify downwards" their charges, the sources...


Andrea Hotter

January 29, 2016

17:14 GMT

New York