date:Jul 30, 2014
tal Queues
For the LME to address the problem of aluminum queues, it needs to implement its proposed new delivery-out rules, said Nic Brown, head of commodity research at Natixis SA in London. Thats not to say that the new rules would suddenly cure the problem. But you have to start somewhere.
Global aluminum costs are $6 billion higher because of the long waits, according to Novelis Inc., a manufacturer of rolled aluminum whose customers include Coca-Cola Co. and Ford Motor Co. Thats twice th