LME board moves toward warehouse delivery rules

10/27/2013 | Bloomberg

The London Metal Exchange's board of directors has made a decision "in principle" regarding warehouse delivery rules. "The decision has been made in principle and there will be an announcement in due course. I can't say any more than that," said Nat Le Roux, nonexecutive director of the LME. The LME's proposal would require warehouses with waits longer than 100 days to deliver more metal than they receive.

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