Al consumer reactions to LME ruling reveal varying positions

Consumer reactions to the UK High Court ruling that has prompted the London Metal Exchange to delay the implementation of its new warehouse rules have revealed the varying stances they had taken ahead of the ruling.

While some consumers will now be forced to scramble to cover short positions that they had adopted in anticipation of lower premiums under the new rules, others had already dismissed the possibility of lower premiums. “The ruling was a surprise, but we are ready for it because we didn’t think the premiums were going to go down anyway,” a consumer said, adding that the increased flow of metal that would...


Jethro Wookey

March 27, 2014

13:32 GMT