LME warehouse fix 'not enough': Novelis' Madden

Jul 25, 2013 | 05:36 PM | Jethro Wookey

Tags  London Metal Exchange, LME, warehouses, aluminum, queques, rules, Novelis, Nick Madden load out rates

LONDON — The London Metal Exchange’s proposals regarding warehouse load-out rates do not go far enough, and ignore better options for tackling the massive queues at some locations, Novelis senior vice president and chief supply chain officer Nick Madden said.

Better solutions would have been to set load-out rates as a percentage of stocks held in each warehouse or to cap the amount of metal that can be held by a warehousing company in each location, Madden told AMM sister publication Metal Bulletin.....





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