Reported 8 days ago
The metals industry is grappling with renewed tensions over warehouse fees as significant players, including the firm Istim, are accused of manipulating market conditions to bolster profits. As the London Metal Exchange (LME) prepares for its annual meeting, complaints have emerged regarding Istim's high costs for re-registering aluminum, raising concerns of unfair practices and a potential squeeze on the aluminum market. The situation reflects longstanding issues within the LME warehousing system, which has been previously scrutinized for fostering inefficiencies that traders exploit for profit.
Source: YAHOO