LME moves to tackle pandemic paper problem with electronic warranting consultation

The London Metal Exchange is making moves to solve an issue blown up by the coronavirus pandemic, namely that its system for allocating metal bought and sold around the world is still managed through pieces of paper.

That has become problematic in a world where logistics have been severely disrupted. Organizing couriers to take warrants, which bestow title to specific lots of metal in warehouses from Busan to Baltimore, across London is...


Archie Hunter

October 16, 2020

16:33 GMT