Source: Reuters (via feed)
The London Metal Exchange said on Monday it may replace existing rent caps in its warehouse network with a fixed daily load-out rate. The announcement concerns the fees charged by the warehouses that store metals associated with the exchange.
The fixed daily load-out rate would apply as a new method for calculating charges related to metal storage. This proposal reflects a potential change in the pricing framework for warehousing on the LME.
The London Metal Exchange has not provided further details at this time.
BizTrendWire Insight:
The LME’s consideration of a fixed daily load-out rate relates directly to pricing methods for warehouse services.
The LME’s consideration of a fixed daily load-out rate relates directly to pricing methods for warehouse services.
