To support the mechanism of physical delivery the LME approves and licenses a network of warehouses and storage facilities around the world. Warehouse companies must meet strict criteria before they are approved for the handling of metals.
LME-approved delivery points are located in areas of net consumption and logistical hubs for the transportation of material.
Rent and FOT rates
Warrant holders are responsible for the payment of charges for storage of material in LME-approved storage facilities.
From time to time the LME commissions independent studies into various aspects of warehousing and delivery. See the studies and an overview of the conclusions.
More than 700 storage facilities across 37 locations approved for good delivery of LME contracts.