London Metal Exchange Approves New Regulations Aimed at Reducing Bottlenecks in Warehouses

Image via Flickr by SteelMaster Buildings

The London Metal Exchange (LME) decided on new regulations this past Thursday, Nov. 7, aimed at addressing bottlenecks of metals in its warehouses. According to The Wall Street Journal, these bottlenecks are usually caused when warehouses reserve metals for traders and bankers, which are using it to raise working capital. The situation has become particularly severe during the worldwide economic recession, and the LME has received many complaints from buyers who need this metal for a variety of uses, such as manufacturing soda cans to window frames.

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