Glencore’s decision to sell its warehousing and logistics business looks like a well-timed call on the metals storage market. It bought Access World in 2010 in the wake of the financial crisis, which generated a surge of metal, particularly aluminium, into London Metal Exchange (LME) warehouses. Total LME inventory of all metals mushroomed from 3.41 …
The post LME warehousers slash capacity as metal stocks drain away: Andy Home first appeared on Hellenic Shipping News Worldwide.
Author: Cap...