LME warehouse plan a ‘go’ despite challenge
Dec 24, 2013 | 01:22 PM
| Shivani Singh
SINGAPORE The London Metal Exchange will proceed with its proposed warehousing policy changes, aimed at cutting queues for metals, despite aluminum producer United Co. Rusals (UC Rusals) challenge to the plan.
The LME has been named as a defendant in a judicial review claim issued by Moscow-based UC Rusal and filed Dec. 23 in the English High Court, LME owner Hong Kong Exchanges & Clearing Ltd. (HKEx) said Dec. 24.....
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