LME recommends queue-based rent capping from May 2016

July 1, 2015 11:59 AM

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LONDON, July 1 The London Metal Exchange said on Wednesday it has put forward recommendations to increase the minimum load-out rate for metal stored in LME-approved warehouses and to introduce caps on rent charged for metal in a queue.

"Warehouse companies that fail to deliver out queued metal within 30 calendar days would be required to halve the maximum published rent charged to the affected metal owners," the exchange said in a statement.

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