Ringing out the year of LME’s big bang

Dec 31, 2013 | 01:40 PM | Andrea Hotter

Tags  London Metal Exchange, LME, warehousing, HKEx, Andrea Hotter

NEW YORK — Ever since Hong Kong Exchanges & Clearing Ltd. (HKEx) chief executive officer Charles Li signaled his intent to look more closely at warehousing, 2013 was destined to be remembered as the year that rang with a bang for base metals.

It’s the year the London Metal Exchange took out its bazooka and—after careful consideration of the field of action—lined it up, took aim and then propelled a rocket firmly into the proverbial rear of the warehousing system.

The debate over warehousing has arguably overshadowed other developments at the LME for several years.

Consultation upon consultation failed to properly tackle what industry participants increasingly viewed as a major problem: long queues in accessing metal from warehouses, along with high premiums for physical delivery.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results