LME lists 7 new warehouses as stocks soar

Dec 22, 2008 | 01:41 PM |

The London Metal Exchange has listed seven new warehouses, underlining the exchange's popularity amid falling prices.

Metro International Trade Services LLC, which operates a global warehousing network on behalf of the LME, has three new warehouses—in Trieste, Italy; in Incheon, South Korea; and in Detroit.

The Detroit warehouse will accept aluminum, lead, nickel, zinc and North American special aluminum alloy; Incheon has been approved to accept aluminum, aluminum alloy, copper and nickel; and the Trieste warehouse will accept aluminum, aluminum alloy, copper, lead, nickel, tin and zinc.....

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