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Commodities Briefing - Categorized | Market Moves, Metals and Minerals more

Goldman making changes in metals warehousing, availability

Posted on 01 August 2013

Goldman Sachs said Wednesday it will make changes to its commodities warehousing business to reduce concerns that the warehouses are limiting the supply of aluminum. “In light of those concerns, we are making certain suggestions to improve the LME system and are taking unilateral action to help any end users who have metal in the queue at Metro warehouses,” Goldman said in a statement.
Goldman has proposed increasing the size of metal outflows from storage under London Metal Exchange rules, establishing priorities for metal consumers over other storers, allowing consumers in need to advance in line and enhancing transparency about ownership of LME metals………………………………………..Full Article: Source


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