The last warehouse company to be approved by the LME was Edgemere Terminals in August 2018, the LME said.
LME-registered warehouses also issue LME warrants, or title documents, through their London agents for material delivered into their approved warehouses.
LONDON: The London Metal Exchange has for the first time in more than two years authorised a new warehouse company, UK-based Grafton Warehouse Services, to store LME-registered metal, the exchange said in a notice on Tuesday.
The last warehouse company to be approved by the LME was Edgemere Terminals in August 2018, the LME said.
LME-registered warehouses also issue LME warrants, or title documents, through their London agents for material delivered into their approved warehouses.
Currently, there are 500 LME-approved storage facilities in 34 locations across the United States, Europe and Asia storing metals such as copper, aluminium, zinc, lead, tin and nickel.
Comments
Comments are closed for this article.