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LME plans to strengthen oversight of metal warehouses

Published Tue, Mar 3, 2015 · 09:50 PM
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London

THE London Metal Exchange (LME) wants metal to leave its warehouses faster.

Storage facilities with the longest wait times may have to deliver metal in half the time and face new restrictions on possible "merry-go-round" deals that shift metal within the same warehouse location and extend queues, according to a report released by the LME on Monday. The bourse is also looking at controlling fees that warehouses charge.

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