Warehouses heed LME call for rent restraint

Jan 02, 2014 | 03:49 PM | Fleur Ritzema

Tags  London Metal Exchange, LME, warehousing, storage fees, Fleur Ritzema

LONDON — Rent increases at LME-approved warehouses will be lower in 2014 after the London Metal Exchange urged warehouses to show restraint, the exchange has said.

Rents will increase by an average of 3 percent in the 12 months beginning April 1 vs. 7 percent a year earlier.....

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