LME unveils reforms to cut long queues at warehouses

摘要

The London Metal Exchange (LME) introduced reforms linked to its international warehousing network amid claims operators were holding back on deliveries to boost rental income. Long queues have sparked complaints from metal consumers such as Coca Cola and General Motors following allegations that metals prices were being distorted. Under new LME rules that come into effect in April 2014, warehouse owners with delays exceeding 50 days will have to deliver more metal than they take in.