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Aluminum’s premium gains being fueled by LME warehouse rules

Posted on 22 June 2011

London Metal Exchange rules are creating delivery bottlenecks for aluminum that are boosting prices and causing seven-month delays at Detroit warehouses, commodity researcher Harbor Intelligence said.
Warehouses monitored by the LME, the world’s largest metals exchange, are obliged to deliver a minimum of 800 metric tons to 1,500 tons daily, even as global stockpiles of aluminum rose almost fivefold to 4.58 million tons since the end of 2007……………………………………….Full Article: Source


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