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LME raises minimum load out from metal warehouses
Edited by : AL CIRCLE
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Reuters reported that the London Metal Exchange raised the minimum daily volume of metal that the larger warehouses it monitors must deliver in a bid to unblock long delays and said warehouses that do not comply could drop off its approval list.
The LME approves a string of warehouses around the world where market participants pay rent to store industrial metals such as aluminum or copper in part for potential delivery against LME-traded futures. In times of oversupply when buyers are scarce, metals can be delivered into these warehouses.
The LME approves a string of warehouses around the world where market participants pay rent to store industrial metals such as aluminum or copper in part for potential delivery against LME-traded futures. In times of oversupply when buyers are scarce, metals can be delivered into these warehouses.
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