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LME targets new aluminum contract as soon as end 2014, CEO says

Posted on 09 April 2014

The London Metal Exchange, the world’s largest industrial metals marketplace, wants to introduce an aluminum premium contract as early as the end of this year, said Chief Executive Officer Garry Jones.
The contract will be 25 metric tons in size and will involve a swap of warrants, or bearer documents for a specific lot of metal, according to a draft of specifications seen by Bloomberg. Consumers usually pay a premium to the exchange price for metal in specific locations………………………………………..Full Article: Source


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