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London Metal Exchange Looks to Win Back Business

Posted on 29 September 2016

LME plans to cap rent costs at registered warehouses in an effort to fight back against cheaper, private facilities. It is getting harder to know how much of the world’s metal is in storage, and that is a problem for anyone trying to determine a market price for aluminum, copper or nickel.
Warehouses registered with the London Metal Exchange have been a major storage hub of base metals for dozens of years. These facilities provide inventory data on a daily basis, making them a handy gauge of industry supply……………………………………Full Article: Source


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