LONDON The London Metal Exchange said it has proposed
a further change to its rules concerning load-out rates for
The move follows the completion of a formal six-month review
of the load-out requirements that took effect April 1.
Under the latest proposals, warehouses that hold more than
30,000 tonnes of cancelled material and have at least 30,000
tonnes of a single, dominant metal will be required to
deliver out an extra 500 tonnes per day of metals other than
the dominant one if requested.
This will come on top of the increased minimum load-out rates
that were put in place earlier this year.
The LMEs steering committee received 13 written
responses from individual organizations and groups during the
review, it said.
The LMEs decision earlier this year to change load-out
rates for tin and nickel to require at least 60 tonnes of
either or both to be delivered out per daywhich was
made for similar reasons as Thursdays
announcementwill not be affected should these latest
proposals be ratified. That measure will be implemented in
The LME is inviting warehouse companies to comment on the
proposed changes by Dec. 7.
A version of this article was first published by AMM
sister publication Metal Bulletin.