Warehouse system still broken: Luvata’s Kickham

Dec 18, 2012 | 01:25 PM | Andrea Hotter

Tags  LME, Bob Kickham, Luvata, warehouses, copper, Andrea Hotter

NEW YORK — The London Metal Exchange’s warehousing system is still broken, despite efforts to fix delays in accessing metal, according to major copper consumer Luvata UK Ltd.

Bob Kickham, senior vice president of procurement at London-based Luvata, told AMM that the company has tried to get metal out of LME-approved warehouses in Johor, Malaysia, but was told that it had to wait three months due....

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