Natural Resources Newsletter - 5 March 2015



LME provides update on warehouse reform package

The London Metal Exchange (LME) has published its responses to the legal and logistical consultation process (Consultations) it launched in November 2014 regarding its physical delivery network. The LME also issued a discussion paper including the final two elements of the LME’s warehouse reform package and possible further structural reforms. In addition, a new proposal was put forward to increase the loadout rate of metal at warehouses affected by structural queues, by adjusting one of the parameters of the ‘Linked Load-in / Load-out rule’.