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UK watchdog to look again at metals warehouses

Posted on 30 June 2011

The UK anti-competition watchdog said on Wednesday it will take another look at activity by large traders on the London Metal Exchange that also own warehouses, after lawmakers again raised concerns.
A parliamentary committee on Wednesday said it had alerted the Office of Fair Trading (OFT) to more concerns that the same firms that trade metals are able to hold large amounts of metal stored in warehouses monitored by the LME, the world’s top metals exchange……………………………………….Full Article: Source


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