Structured around key initiatives set out in 2017 to drive market growth, market feedback from the consultation has prompted the exchange to administer a host of strategic changes, considering new governmental regulation, membership growth and the market impact of economic sanctions.
Additionally, the exchange has also made steps to amend its fee charges in accordance with market feedback, administering fees on both new and existing services.
A stronger response to sanctions
Since US-imposed sanctions on UC Rusal came into effect in April and directly affected the global aluminium market, the LME has kept a close watch on both economic and political developments regarding the matter.
Despite a distinct lack of control against US-led protectionism however, the exchange found that consultation responses indicate the need for agile, reactive responses to sanctions.
“After the Rusal situation earlier this year, although we felt we dealt with...