LME Wins U.K. Appeal on Warehousing, Starts Consultation for New Rules

ISTANBUL--October 13, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--The London Metal Exchange (LME) has won a court appeal against Russia's global aluminum major OAO Rusal (ENX:RUSAL) (Moscow, Russia) on warehousing. The U.K. Court of Appeal has ruled in favor of LME, overturning a lower court judge's ruling in March, implying that LME can now go ahead with its proposed warehouse rules.

Within this article: Details and analyses of the ruling.